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December 24, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Technical And Trade Schools Loan | ||||
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Raising Money in Flanders, New Jersey With SBA Loans
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Flanders, New Jersey Entrepreneur Gets a Small Business LoanNew JerseySmall business loans are available to New Jersey small business owners through the SBA. In this case, a Texas bank provides the loan. By giving the right information to Jpmorgan Chase Bank, this Flanders, New Jersey business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: TECHNICAL AND TRADE SCHOOLS SBA Loan Lender JPMORGAN CHASE BANK This loan for a small business 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 611519 - Technical and Trade Schools Loan Approval Date 9/16/2005 Loan Approval Gross Amount $203,100 Loan Approval from the SBA Of the total $203,100 loan amount, the SBA guaranteed $101,550. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 5 existing jobs. Getting an SBA Loan For Your 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $203,100 loan. Remember, things become real when you believe you can achieve them! 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: Banking Deregulation's Effects on Entrepreneurship SBA Participating Banks in Houston, Texas
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