Borrowing Money for Discount Department Stores
With these small business loans for discount department stores, the SBA guarantees the lender that the loan will be repaid. This discount department stores loan for $28,300 was given to a Florida entrepreneur in 2007.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Boca Raton, Florida was able to borrow $28,300 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $14,150 of this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: DISCOUNT DEPARTMENT STORES
BOCA RATON, FL 33434
SBA Loan Lender
JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002
This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
452112 - Discount Department Stores
Loan Approval Date
2/26/2007
Loan Approval Gross Amount
$28,300
Loan Approval from the SBA
Of the total $28,300 loan amount, the SBA guaranteed $14,150.
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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job.
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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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