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December 24, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Industrial Supplies Merchant Wholesalers Loan | ||||
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Requirements for Small Businesses On Getting a Loan
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How to Get a Loan for Industrial Supplies Merchant WholesalersLooking for SBA loans for industrial supplies merchant wholesalers? Talk to a banker who works with the SBA. This $50,000 industrial supplies merchant wholesalers loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Broomfield, Colorado was able to borrow $50,000 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $25,000 of this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender JPMORGAN CHASE BANK This lender processed this commercial 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 423840 - Industrial Supplies Merchant Wholesalers Loan Approval Date 8/30/2006 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this 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 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: Realistic Debt Financing Options Small Business Banks in Houston, Texas
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