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| Entrepreneur Resources | Jpmorgan Chase Bank Houston Business Loans | ||||
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Texas Small Business SBA Loans
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Texas Small Business Loan Issued to Austin Scoops LLCTexas business loans are available to Texas business owners through the SBA. In this case, a Texas bank provides the loan.
Getting a small business loan in Austin, Texas was a top priority for Austin Scoops LLC back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Jpmorgan Chase Bank. Here are the details on this Texas small business loan. SBA Loan Borrower Austin Scoops LLC SBA Loan Lender JPMORGAN CHASE BANK This lender issued this SBA business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - All Other Specialty Food Stores Loan Approval Date 3/29/2006 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. More Information on This SBA Loan The borrower, Austin Scoops LLC, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are raising money in Austin TX, you ought to talk with a local Austin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Austin businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Jpmorgan Chase Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Advice on Getting a Small Business Loan Best Banks for Small Business in Houston, Texas SBA Participating Banks in 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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