Individual and Family Services Loans
Looking for loans for individual and family services? Talk to a banker who works with the SBA. This $50,700 individual and family services loan was issued by a Texas bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Westmont, Illinois was able to borrow $50,700 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $25,350 of this Illinois small business loan.
SBA Loan Borrower
COMPANY TYPE: INDIVIDUAL AND FAMILY SERVICES
WESTMONT, IL 60559
SBA Loan Lender
JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002
The lender provided this business 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
624190 - Individual and Family Services
Loan Approval Date
2/6/2008
Loan Approval Gross Amount
$50,700
Loan Approval from the SBA
Of the total $50,700 loan amount, the SBA guaranteed $25,350.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 5 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Role of Business Plan When Raising Money
SBA Participating Banks in Houston, Texas
SBA Texas Lenders