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November 14, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Framing Contractors Loan | ||||
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Banks for Small Businesses in Utah
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Jpmorgan Chase Bank Gives SBA Loan to Framing Contractors CompanySBA loans in Utah are tough to come by these days. We take a look at one Utah SBA loan, provided by a Texas bank, that was approved by the SBA. This business, based in Sandy, Utah, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Jpmorgan Chase Bank. We've got the inside scoop on this Utah small business loan. SBA Loan Borrower COMPANY TYPE: FRAMING CONTRACTORS SBA Loan Lender JPMORGAN CHASE BANK This loan for a small business 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 238130 - Framing Contractors Loan Approval Date 12/3/2007 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. 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 10 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 15 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Sandy 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. Related Links: Realistic Debt Financing Options Small Bank Loans in Houston, Texas
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