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December 21, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Metal Service Centers And Offices Loan | ||||
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What Does It Take to Get a Business Loan in Martinsville, Indiana?
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Metal Service Centers and Offices SBA LoansWith these SBA loans for metal service centers and offices, the SBA guarantees the lender that the loan will be repaid. This metal service centers and offices loan for $50,000 was given to an Indiana entrepreneur in 2001. This business knew how to go about getting a business bank loan. Based in Martinsville, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Jpmorgan Chase Bank, based in Houston, Texas. SBA Loan Borrower COMPANY TYPE: METAL SERVICE CENTERS AND OFFICES SBA Loan Lender JPMORGAN CHASE BANK This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 421510 - Metal Service Centers and Offices Loan Approval Date 3/8/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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 15 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 13 existing jobs. Getting an SBA Loan For Your Business If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great funding source SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Jpmorgan Chase Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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