Houston, Texas Bank Lends Money to Free Properties LLC in Tulsa, Oklahoma

Want to talk with a Houston, Texas bank about a business loan? Here's one Oklahoma 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 Free Properties LLC in Tulsa, Oklahoma. The business was able to get an SBA loan for $25,000. Sweet!

SBA Loan Borrower

Free Properties LLC
4530 S Sheridan, Suite 100
TULSA, OK 74145

SBA Loan Lender

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

This lender processed this 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

531312 - Nonresidential Property Managers

Loan Approval Date

9/13/2006

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower, Free Properties LLC, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If Free Properties LLC 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:

How to Raise Money

Banks in Houston, Texas

Texas SBA 7A Lenders

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