Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

We Needed a Business Loan in Pleasant Grove, Utah and We Got One!

 

 
Loan Census SBA Loan Info

Jewelry, Watch, Precious Stone, and Precious Metal Wholesalers Business Loans

Looking for business loans for jewelry, watch, precious stone, and precious metal wholesalers? Talk to a banker who works with the SBA. This $15,900 jewelry, watch, precious stone, and precious metal wholesalers loan was issued by a Texas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pleasant Grove, Utah was able to borrow $15,900 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $7,950 of this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: JEWELRY, WATCH, PRECIOUS STONE, AND PRECIOUS METAL WHOLESALERS
PLEASANT GROVE, UT 84062

SBA Loan Lender

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

This business 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

421940 - Jewelry, Watch, Precious Stone, and Precious Metal Wholesalers

Loan Approval Date

10/15/2002

Loan Approval Gross Amount

$15,900

Loan Approval from the SBA

Of the total $15,900 loan amount, the SBA guaranteed $7,950.

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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

Remember, you 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Choosing VC Firms

Best Banks in Houston, Texas

SBA Texas Banks