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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Semiconductor And Related Device Manufacturing Loan | ||||
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How Hard Is It to Get a Small Business Loan in Missouri City, Texas?
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How to Get a Loan for Semiconductor and Related Device ManufacturingLooking for SBA loans for semiconductor and related device manufacturing? Talk to a banker who works with the SBA. This $80,700 semiconductor and related device manufacturing loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Missouri City, Texas was able to borrow $80,700 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $40,350 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: SEMICONDUCTOR AND RELATED DEVICE MANUFACTURING SBA Loan Lender JPMORGAN CHASE BANK The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 334413 - Semiconductor and Related Device Manufacturing Loan Approval Date 12/19/2006 Loan Approval Gross Amount $80,700 Loan Approval from the SBA Of the total $80,700 loan amount, the SBA guaranteed $40,350. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The loan application indicated that the loan would help generate 7 new jobs and retain 12 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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: Find an SBA Lender in Houston, Texas
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