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December 22, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Grannbits II, Inc. Loan | ||||
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Banks for Franchise Loans in Michigan
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Borrow Money to Buy a Tim Horton Donuts FranchiseBorrowing money to purchase a Tim Horton Donuts franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Sterling Heights, Michigan and are interested in buying a Tim Horton Donuts franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Jpmorgan Chase Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower GRANNBITS II, INC. SBA Loan Lender JPMORGAN CHASE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 722211 - Limited-Service Restaurants Loan Approval Date 6/14/2005 Loan Approval Gross Amount $195,900 Loan Approval from the SBA Of the total $195,900 loan amount, the SBA guaranteed $97,950. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Tim Horton Donuts franchise. At the time of the loan, the company had 25 employees. The SBA loan documents indicated that the loan would help retain 25 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Jpmorgan Chase Bank and they will explain how you can get an SBA loan for your company. 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: Obtaining Funding - How to Decide How Much to Raise SBA Participating Banks in Houston, Texas Getting a Business Loan in Texas
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