Getting an SBA Loan for Musical Instrument Manufacturing

With these SBA loans for musical instrument manufacturing, the SBA guarantees the lender that the loan will be repaid. This musical instrument manufacturing loan for $406,500 was given to an Illinois entrepreneur in 2005.

Getting a small business loan in Melrose Park, Illinois was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Jpmorgan Chase Bank, operating out of Houston, Texas. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: MUSICAL INSTRUMENT MANUFACTURING
MELROSE PARK, IL 60160

SBA Loan Lender

JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339992 - Musical Instrument Manufacturing

Loan Approval Date

7/14/2005

Loan Approval Gross Amount

$406,500

Loan Approval from the SBA

Of the total $406,500 loan amount, the SBA guaranteed $203,250.

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 31 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 31 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Melrose Park IL, you ought to talk with a local Melrose Park SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Melrose Park businesses.

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