SBA Loan from Jpmorgan Chase Bank Helps Heating Oil Dealers Company
An SBA loan from Jpmorgan Chase Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Alliance, Ohio business owner got a $159,000 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Alliance, Ohio was able to borrow $159,000 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $79,500 of this Ohio small business loan.
SBA Loan Borrower
COMPANY TYPE: HEATING OIL DEALERS
ALLIANCE, OH 44601
SBA Loan Lender
JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002
This lender processed this 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
454311 - Heating Oil Dealers
Loan Approval Date
10/13/2005
Loan Approval Gross Amount
$159,000
Loan Approval from the SBA
Of the total $159,000 loan amount, the SBA guaranteed $79,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
If you are working on finding money to start a business in Alliance OH, you ought to talk with a local Alliance SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Alliance businesses.
We can help you find the best banks for small businesses in Alliance or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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