Business Loan from Jpmorgan Chase Bank Given to Janitorial Services Company

Jpmorgan Chase Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Illinois entrepreneur who tapped into the power of SBA loans.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Schaumburg, Illinois was able to borrow $18,300 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $9,150 of this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: JANITORIAL SERVICES
SCHAUMBURG, IL 60193

SBA Loan Lender

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

The lender provided this bank 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

561720 - Janitorial Services

Loan Approval Date

3/20/2006

Loan Approval Gross Amount

$18,300

Loan Approval from the SBA

Of the total $18,300 loan amount, the SBA guaranteed $9,150.

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. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you want money for new small business in Schaumburg IL, you ought to talk with a local Schaumburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Schaumburg businesses.

This SBA loan was for $18,300. How would you spend $18,300 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.

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