Jpmorgan Chase Bank SBA Loan to Grocery Stores Company
Looking to get an Ohio SBA loan? Here's one Ohio business loan that was approved by the SBA.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in De Graff (degraff), Ohio was able to borrow $347,600 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $260,700 of this Ohio small business loan.
SBA Loan Borrower
COMPANY TYPE: GROCERY STORES
DE GRAFF (DEGRAFF), OH 43318
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.
SIC Code
5411 - Grocery Stores
Loan Approval Date
7/31/2000
Loan Approval Gross Amount
$347,600
Loan Approval from the SBA
Of the total $347,600 loan amount, the SBA guaranteed $260,700.
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 19 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 20 existing jobs.
Getting an SBA Loan For Your Business
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
We can help you find the best banks for small businesses in De Graff (degraff) 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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