Where to Get Capital for Refrigeration Equipment and Supplies Merchant Wholesalers
Looking for small business loans for refrigeration equipment and supplies merchant wholesalers? Talk to a banker who works with the SBA. This $441,400 refrigeration equipment and 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 Cottonwood, Arizona was able to borrow $441,400 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $331,050 of this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: REFRIGERATION EQUIPMENT AND SUPPLIES MERCHANT WHOLESALERS
COTTONWOOD, AZ 86326
SBA Loan Lender
JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
423740 - Refrigeration Equipment and Supplies Merchant Wholesalers
Loan Approval Date
1/18/2007
Loan Approval Gross Amount
$441,400
Loan Approval from the SBA
Of the total $441,400 loan amount, the SBA guaranteed $331,050.
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 7 employees. The loan application indicated that the loan would help retain 7 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.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Microlending as a Small Business Funding Source
Small Bank Loans in Houston, Texas
Texas SBA Bank Lenders