Business Loan from Jpmorgan Chase Bank Given to Durable Goods Company
An SBA loan from Jpmorgan Chase Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Houston, Texas business owner got a $121,747 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Houston, Texas was able to borrow $121,747 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $109,572 of this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: DURABLE GOODS
HOUSTON, TX 77014
SBA Loan Lender
JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5099 - Durable Goods
NAICS Code
421990 - Durable Goods Wholesalers
Loan Approval Date
12/18/2002
Loan Approval Gross Amount
$121,747
Loan Approval from the SBA
Of the total $121,747 loan amount, the SBA guaranteed $109,572.
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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you are working on finding money to start a business in Houston TX, you ought to talk with a local Houston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Houston businesses.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $121,747 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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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