Surgical Appliance and Supplies Manufacturing Commercial Loans
Looking for commercial loans for surgical appliance and supplies manufacturing? The SBA may be the answer. This $339,200 surgical appliance and supplies manufacturing loan was issued by a Texas bank.
This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Jpmorgan Chase Bank, out of Houston, Texas. The loan was granted and they received $339,200 to help grow their Whippany, New Jersey business.
SBA Loan Borrower
COMPANY TYPE: SURGICAL APPLIANCE AND SUPPLIES MANUFACTURING
WHIPPANY, NJ 07981
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
339113 - Surgical Appliance and Supplies Manufacturing
Loan Approval Date
9/29/2005
Loan Approval Gross Amount
$339,200
Loan Approval from the SBA
Of the total $339,200 loan amount, the SBA guaranteed $254,400.
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 generate 2 new jobs and retain 14 existing jobs.
Next Steps for Getting an SBA Loan
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
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:
SBIR Funding
Where to Get an SBA Loan in Houston, Texas
SBA Lenders in Texas