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November 21, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Electronic Parts And Equipment Wholesalers Loan | ||||
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Gilbert, Arizona Bank Loan
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Borrowing Money for Electronic Parts and Equipment WholesalersWith these bank loans for electronic parts and equipment wholesalers, the SBA guarantees the lender that the loan will be repaid. This electronic parts and equipment wholesalers loan for $472,000 was given to an Arizona entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gilbert, Arizona was able to borrow $472,000 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $236,000 of this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRONIC PARTS AND EQUIPMENT WHOLESALERS SBA Loan Lender JPMORGAN CHASE BANK 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 421690 - Electronic Parts and Equipment Wholesalers Loan Approval Date 10/29/2004 Loan Approval Gross Amount $472,000 Loan Approval from the SBA Of the total $472,000 loan amount, the SBA guaranteed $236,000. 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 5 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 4 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Approved Banks in Houston, Texas
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