Jpmorgan Chase Bank Gives Bank Loan to General Line Grocery Wholesalers Company
Want an Utah business loan? This Utah entrepreneur got a business loan, provided by a Texas bank that works with the SBA to help small business owners.
Getting a small business loan in West Jordan, Utah was a top priority for this SBA-financed company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Jpmorgan Chase Bank. Here are the details on this Utah small business loan.
SBA Loan Borrower
COMPANY TYPE: GENERAL LINE GROCERY WHOLESALERS
WEST JORDAN, UT 84084
SBA Loan Lender
JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
422410 - General Line Grocery Wholesalers
Loan Approval Date
10/30/2000
Loan Approval Gross Amount
$444,500
Loan Approval from the SBA
Of the total $444,500 loan amount, the SBA guaranteed $333,375.
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 14 employees. This SBA loan request indicated that the loan would help retain 14 existing jobs.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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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