Loan to Buy Eagle Transmission Franchise Issued By Jpmorgan Chase Bank

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

An entrepreneur in Austin, Texas needed money to invest in an Eagle Transmission 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

EAGLE TRANSMISSION
8425 BURNET ROAD
AUSTIN, TX 78757

SBA Loan Lender

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

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811113 - Automotive Transmission Repair

Loan Approval Date

9/11/2003

Loan Approval Gross Amount

$174,300

Loan Approval from the SBA

Of the total $174,300 loan amount, the SBA guaranteed $130,725.

More Information on This SBA Loan

The borrower, Eagle Transmission, borrowed this money for an existing business. This loan was used to buy an Eagle Transmission franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. This loan was paid in full, and was closed out on 4/23/2006.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this Eagle Transmission 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 SBA loan database.

Related Links:

Eagle Transmission, Inc.

Business Line of Credit

Small Bank Loans in Houston, Texas

Texas SBA 7A Lenders

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