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| Entrepreneur Resources | Jpmorgan Chase Bank Houston Business Loans | ||||
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Banks That Lend to Tulsa Small Business Owners
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J & J Fence Mfg Co Gets an Oklahoma Bank LoanWould an Oklahoma bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Texas bank, which offers SBA loans to Oklahoma entrepreneurs.
By giving the right information to Jpmorgan Chase Bank, this Tulsa, Oklahoma business was able to get an SBA loan. To get this loan, J & J Fence Mfg Co 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 J & J Fence MFG Co SBA Loan Lender JPMORGAN CHASE BANK 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 332510 - Hardware Manufacturing Loan Approval Date 5/7/2007 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. More Information on This SBA Loan The borrower, J & J Fence Mfg Co, 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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you 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. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this J & J Fence Mfg Co loan from Jpmorgan Chase Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Best Houston, Texas Banks for Small Business SBA Participating Banks in 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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