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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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Cornerstone Restoration & Wate Gets a Texas SBA LoanSBA loans in Texas are tough to come by these days. We take a look at one Texas SBA loan, provided by a Texas bank, that was approved by the SBA.
By giving the right information to Jpmorgan Chase Bank, this Austin, Texas business was able to get an SBA loan. To get this loan, Cornerstone Restoration & Wate gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower CORNERSTONE RESTORATION & WATE SBA Loan Lender JPMORGAN CHASE BANK This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 235990 - All Other Special Trade Contractors Loan Approval Date 11/21/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower, Cornerstone Restoration & Wate, 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 13 employees. The SBA loan documents indicated that the loan would help retain 13 existing jobs. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Jpmorgan Chase Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: 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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