Austin, Texas Business Gets SBA-Guaranteed Funding from Jpmorgan Chase Bank

Jpmorgan Chase Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Austin, Texas was able to borrow $50,300 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $25,150 of this Texas small business loan.

SBA Loan Borrower

Christi Craven Design LLC
4601 W Rim Cove
AUSTIN, TX 78731

SBA Loan Lender

JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002

This lender processed this SBA 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

442299 - All Other Home Furnishings Stores

Loan Approval Date

6/16/2006

Loan Approval Gross Amount

$50,300

Loan Approval from the SBA

Of the total $50,300 loan amount, the SBA guaranteed $25,150.

More Information on This SBA Loan

The borrower, Christi Craven Design LLC, 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 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 Christi Craven Design LLC is able to get a $50,300 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.

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