Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Jpmorgan Chase Bank

 

 
Loan Census SBA Loan Info

SBA Loan from Jpmorgan Chase Bank Helps Industrial Valve Manufacturing Company

Jpmorgan Chase Bank has a track record as a leading provider of SBA loans. Find out how this Ohio entrepreneur received an SBA loan from them.

This growing company knew how to go about getting a business bank loan. Based in Willoughby, Ohio, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Jpmorgan Chase Bank, based in Columbus, Ohio.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL VALVE MANUFACTURING
WILLOUGHBY, OH 44094

SBA Loan Lender

JPMORGAN CHASE BANK
100 E BROAD ST
COLUMBUS, OH 43215

This SBA loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332911 - Industrial Valve Manufacturing

Loan Approval Date

6/8/2006

Loan Approval Gross Amount

$1,789,200

Loan Approval from the SBA

Of the total $1,789,200 loan amount, the SBA guaranteed $1,341,900.

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 35 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Obtaining Funding - Friends and Family

SBA 7A Banks in Columbus, Ohio

Find an SBA Lender in Ohio