Houston, Texas Bank Gives SBA Loan to Full-Service Restaurants Company

Want to talk with a Houston, Texas bank about a small business loan? Here's one West Virginia business loan, issued by a Houston bank, that was approved by the SBA.

Applying for an SBA loan with Jpmorgan Chase Bank worked out well for our friends at one local company in Huntington, West Virginia. They got an SBA loan for $307,300. Nice!

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
HUNTINGTON, WV 25701

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.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/8/2004

Loan Approval Gross Amount

$307,300

Loan Approval from the SBA

Of the total $307,300 loan amount, the SBA guaranteed $230,475.

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 50 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 40 existing jobs.

Next Steps for Getting an SBA Loan

If you need business start up money in Huntington WV, you ought to talk with a local Huntington SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Huntington businesses.

We can help you find the best banks for small businesses in Huntington 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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