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| Entrepreneur Resources | Jpmorgan Chase Bank Houston Business Loans | ||||
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Raising Money in Ironton, Ohio With SBA Loans
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Ironton, Ohio Entrepreneur Gets a Small Business LoanOhio SBA loans are available to Ohio entrepreneurs through the SBA. In this case, a Texas bank provides the loan.
By giving the right information to Jpmorgan Chase Bank, this Ironton, Ohio business was able to get an SBA loan. To get this loan, Park Avenue Carryout 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 PARK AVENUE CARRYOUT SBA Loan Lender JPMORGAN CHASE BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445310 - Beer, Wine, and Liquor Stores Loan Approval Date 10/4/2004 Loan Approval Gross Amount $153,400 Loan Approval from the SBA Of the total $153,400 loan amount, the SBA guaranteed $115,050. More Information on This SBA Loan The borrower, Park Avenue Carryout, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. This loan was paid in full, and was closed out on 12/27/2007. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. If Park Avenue Carryout can get an SBA loan, there's no reason you can't get an SBA loan too. The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Realistic Debt Financing Options SBA Approved Banks 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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