SBA Loan from Jpmorgan Chase Bank Helps Operators Of Nonresidental Buildings Company
Jpmorgan Chase Bank has a track record as a leading provider of SBA loans. Find out how this Ohio entrepreneur received an SBA loan from them.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Englewood, Ohio was able to borrow $363,800 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $272,850 of this Ohio small business loan.
SBA Loan Borrower
COMPANY TYPE: OPERATORS OF NONRESIDENTAL BUILDINGS
ENGLEWOOD, OH 45322
SBA Loan Lender
JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
6512 - Operators of Nonresidental Buildings
Loan Approval Date
7/11/2000
Loan Approval Gross Amount
$363,800
Loan Approval from the SBA
Of the total $363,800 loan amount, the SBA guaranteed $272,850.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
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.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Jpmorgan Chase Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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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