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| Entrepreneur Resources | Jpmorgan Chase Bank Houston Business Loans | ||||
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Raising Money in Austin, Texas With SBA Loans
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SBA Loans for Household Appliance StoresLooking for SBA loans for household appliance stores? The SBA may be the answer. This $30,000 household appliance stores loan was issued by a Texas bank.
Getting a small business loan in Austin, Texas was important for Aba Appliance Service Inc back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Jpmorgan Chase Bank, operating out of Houston, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower ABA APPLIANCE SERVICE INC SBA Loan Lender JPMORGAN CHASE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 443111 - Household Appliance Stores Loan Approval Date 9/12/2003 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $15,000. More Information on This SBA Loan The borrower, Aba Appliance Service Inc, 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. The loan application indicated that the loan would help retain 14 existing jobs. This loan was paid in full, and was closed out on 11/22/2006. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Aba Appliance Service Inc is able to get a $30,000 loan, why not give getting an SBA loan of your own a try? About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Find an SBA Lender in Houston, Texas If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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