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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > K & R Embroidery Inc Loan | ||||
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Raising Money in Orland Park, Illinois With SBA Loans
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Orland Park, IL Entrepreneur Gets SBA Loan to Buy Embroide Me.Com FranchiseBorrowing money to invest in an Embroide Me.Com franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Orland Park, Illinois needed money to invest in an Embroide Me.Com franchise back in 2003. Jpmorgan Chase Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan. SBA Loan Borrower K & R EMBROIDERY INC SBA Loan Lender JPMORGAN CHASE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451130 - Sewing, Needlework, and Piece Goods Stores Loan Approval Date 8/27/2003 Loan Approval Gross Amount $112,000 Loan Approval from the SBA Of the total $112,000 loan amount, the SBA guaranteed $95,200. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Embroide Me.Com franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $112,000. How would you spend $112,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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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