Loan to Buy Hometown Threads Franchise Issued By Jpmorgan Chase Bank

Need money to buy a Hometown Threads franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Plano, Texas needed money to invest in a Hometown Threads franchise back in 2003. Jpmorgan Chase Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

HOMETOWN THREADS
PLANO, TX 75024

SBA Loan Lender

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

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

451130 - Sewing, Needlework, and Piece Goods Stores

Loan Approval Date

7/17/2003

Loan Approval Gross Amount

$12,200

Loan Approval from the SBA

Of the total $12,200 loan amount, the SBA guaranteed $6,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hometown Threads franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Jpmorgan Chase Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

Related Links:

HomeTown Threads

Obtaining Funding From a Venture Capitalist

SBA 7A Lenders in Houston, Texas

Where to Get an SBA Loan Texas