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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 > Plumbing And Heating Equipment And Supplies Wholesalers Loan | ||||
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Houston, Texas SBA 7A Banks
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Houston, Texas Lender Lends Money to Plumbing And Heating Equipment And Supplies Wholesalers CompanyA Houston, Texas business loan can be yours. Learn how one firm got a $287,100 business loan from this Texas bank. This loan to an entrepreneur is a good example of an SBA loan. Jpmorgan Chase Bank made the loan and the SBA guaranteed a portion of the loan. Many other Illinois entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: PLUMBING AND HEATING EQUIPMENT AND SUPPLIES WHOLESALERS SBA Loan Lender JPMORGAN CHASE BANK This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and are well trained in SBA policies and procedures. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421720 - Plumbing and Heating Equipment and Supplies Wholesalers Loan Approval Date 11/2/2000 Loan Approval Gross Amount $287,100 Loan Approval from the SBA Of the total $287,100 loan amount, the SBA guaranteed $215,325. 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 9 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Jpmorgan Chase Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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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