Borrow Money to Buy a Moto Photo Franchise

Borrowing money to buy a Moto Photo franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Tulsa, Oklahoma needed money to invest in a Moto Photo franchise back in 2002. Jpmorgan Chase Bank issued an SBA franchise loan. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

VIXELAD INC
TULSA, OK 74145

SBA Loan Lender

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

The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

812922 - One-Hour Photofinishing

Loan Approval Date

6/6/2002

Loan Approval Gross Amount

$61,900

Loan Approval from the SBA

Of the total $61,900 loan amount, the SBA guaranteed $30,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Moto Photo franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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