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| Entrepreneur Resources | Jpmorgan Chase Bank Houston Business Loans | ||||
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Banks in Houston, Texas That Make SBA Loans
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Houston, Texas Lender Lends Money to Capital Foundations IncThinking about meeting with a Houston, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Houston bank, that was approved by the SBA.
Applying for an SBA loan with Jpmorgan Chase Bank worked out well for our friends at Capital Foundations Inc in Austin, Texas. They received an SBA loan for $120,000. Way to go! SBA Loan Borrower CAPITAL FOUNDATIONS 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 235420 - Drywall, Plastering, Acoustical, and Insulation Contractors Loan Approval Date 8/22/2003 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $60,000. More Information on This SBA Loan The borrower, Capital Foundations Inc, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 38 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 38 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. We can help you find the best banks for small businesses in Austin or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Who Lends Money to Small Businesses 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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