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November 21, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Drycleaning And Laundry Services Loan | ||||
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SBA 7A Banks for Bloomington, Indiana Small Business Owners
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Borrowing Money for Drycleaning and Laundry ServicesLooking for small business loans for drycleaning and laundry services? The SBA may be the answer. This $24,300 drycleaning and laundry services loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bloomington, Indiana was able to borrow $24,300 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $12,150 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES 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 812320 - Drycleaning and Laundry Services Loan Approval Date 7/10/2007 Loan Approval Gross Amount $24,300 Loan Approval from the SBA Of the total $24,300 loan amount, the SBA guaranteed $12,150. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help generate 1 new job and retain 10 existing jobs. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $24,300 loan. Remember, things become real when you believe you can achieve them! 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:
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