Loan Census Banking News and Information
December 19, 2024  
 
 
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Ohio Small Business Funding for Franchises

 

 
Loan Census SBA Loan Info

Ohio Entrepreneur Secures Financing to Buy Pr Store the Franchise

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

Getting money to buy a Pr Store the franchise shouldn't be overly burdensome. In 2007, Jpmorgan Chase Bank issued an SBA franchise loan to an entrepreneur in Westerville, Ohio. Because Pr Store the was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

JSDW MARKETING LLC
WESTERVILLE, OH 43082

SBA Loan Lender

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

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

541613 - Marketing Consulting Services

Loan Approval Date

8/22/2007

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pr Store the franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the borrowed money would help create 1 new job.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Westerville OH, you ought to talk with a local Westerville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Westerville 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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