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| Entrepreneur Resources | Jpmorgan Chase Bank Houston Business Loans | ||||
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Tulsa, Oklahoma Bank for SBA Loans
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Jpmorgan Chase Bank Gives Bank Loan to Sibling Rivalry SalonBusiness loans in Oklahoma are tough to come by these days. We take a look at one Oklahoma business loan, provided by a Texas bank, that was approved by the SBA.
Getting a small business loan in Tulsa, Oklahoma was a top priority for Sibling Rivalry Salon back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Jpmorgan Chase Bank. Here are the details on this Oklahoma small business loan. SBA Loan Borrower Sibling Rivalry Salon SBA Loan Lender JPMORGAN CHASE BANK The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 812112 - Beauty Salons Loan Approval Date 4/3/2007 Loan Approval Gross Amount $120,900 Loan Approval from the SBA Of the total $120,900 loan amount, the SBA guaranteed $60,450. More Information on This SBA Loan The borrower, Sibling Rivalry Salon, 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. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 5 existing jobs. Getting an SBA Loan For Your Business If you need money to start business in Tulsa OK, you ought to talk with a local Tulsa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tulsa businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Sibling Rivalry Salon needed a loan. Jpmorgan Chase Bank probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Jpmorgan Chase Bank made the loan. The end result was that Sibling Rivalry Salon was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Find an SBA Lender 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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