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November 21, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Phoenix, Business Loans > Jpmorgan Chase Bank Phoenix Business Loans > Fabricated Metal Product Manufacturing Loan | ||||
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Jpmorgan Chase Bank
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Business Loan from Jpmorgan Chase Bank Given to Fabricated Metal Product Manufacturing CompanyJpmorgan Chase Bank has a track record as a leading provider of SBA loans. Find out how this Illinois entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Chicago, Illinois was able to borrow $410,300 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $307,725 of this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: FABRICATED METAL PRODUCT MANUFACTURING SBA Loan Lender JPMORGAN CHASE BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332999 - Fabricated Metal Product Manufacturing Loan Approval Date 11/21/2005 Loan Approval Gross Amount $410,300 Loan Approval from the SBA Of the total $410,300 loan amount, the SBA guaranteed $307,725. More Information on This SBA Loan The borrower borrowed this money for a new 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 generate 2 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Jpmorgan Chase Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Best Phoenix, Arizona Banks for Small Business Where to Get an SBA Loan Arizona
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