Houston, Texas Bank Gives SBA Loan to Austin Flooring & Renovation LLC
Get to know Houston, Texas banks that specialize in SBA loans and know how to work with entrepreneurs. Jpmorgan Chase Bank is one such bank, as evidenced by this SBA loan to Austin Flooring & Renovation LLC.
Finding a small business loan in Austin, Texas starts with an understanding of who else has gotten loans in the area. In this case, Austin Flooring & Renovation LLC received funding from Jpmorgan Chase Bank Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
Austin Flooring & Renovation LLC
11101 Scotland Well Dr
AUSTIN, TX 78750
SBA Loan Lender
JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002
This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
442210 - Floor Covering Stores
Loan Approval Date
5/29/2007
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
More Information on This SBA Loan
The borrower, Austin Flooring & Renovation LLC, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Austin Flooring & Renovation LLC did when it applied for and received this $100,000 loan. Remember, where there is a will, there is a way!
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
How Equity Dilution Works
SBA 7A Banks in Houston, Texas
Texas SBA 7A Banks
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