Jpmorgan Chase Bank Provides SBA Loan to Buy Street Corner News Franchise

Need money to invest in a Street Corner News franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

Street Corner News franchise loans are available to Oklahoma City, Oklahoma entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Jpmorgan Chase Bank, based in Houston, Texas, issued an SBA franchise loan for a Street Corner News franchise in 2003. We've got all the details on this Oklahoma small business loan.

SBA Loan Borrower

STREET CORNER NEWS
OKLAHOMA CITY, OK 73003

SBA Loan Lender

JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451212 - News Dealers and Newsstands

Loan Approval Date

8/12/2003

Loan Approval Gross Amount

$110,300

Loan Approval from the SBA

Of the total $110,300 loan amount, the SBA guaranteed $93,755.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Street Corner News franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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