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November 21, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > New Multifamily Housing Construction Loan | ||||
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What Does It Take to Get a Business Loan in Valley Stream, New York?
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Business Loans for New Multifamily Housing ConstructionLooking for business loans for new multifamily housing construction? An SBA loan may be just what you've been looking for. This $101,300 new multifamily housing construction loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Valley Stream, New York was able to borrow $101,300 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $50,650 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: NEW MULTIFAMILY HOUSING CONSTRUCTION SBA Loan Lender JPMORGAN CHASE BANK The lender provided this 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 236116 - New Multifamily Housing Construction Loan Approval Date 6/20/2007 Loan Approval Gross Amount $101,300 Loan Approval from the SBA Of the total $101,300 loan amount, the SBA guaranteed $50,650. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. 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. Next Steps for Getting an SBA Loan 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $101,300 loan. Remember, fight for what you want, and it will be yours! 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: Where to Get an SBA Loan in Houston, Texas
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