Where to Get Capital for Holding Companies
With these small business loans for holding companies, the SBA guarantees the lender that the loan will be repaid. This holding companies loan for $280,300 was given to an Arizona entrepreneur in 2007.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Phoenix, Arizona was able to borrow $280,300 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $140,150 of this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: HOLDING COMPANIES
PHOENIX, AZ 85018
SBA Loan Lender
JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002
This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
551112 - Holding Companies
Loan Approval Date
2/13/2007
Loan Approval Gross Amount
$280,300
Loan Approval from the SBA
Of the total $280,300 loan amount, the SBA guaranteed $140,150.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 4 employees. The loan application indicated that the loan would help generate 1 new job and retain 4 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Jpmorgan Chase Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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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