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April 16, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Commercial Air, Rail, And Water Transportation Equipment Rental And Leasing Loan | ||||
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Garland, Texas Bank Loan
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Commercial Loans for Commercial Air, Rail, and Water Transportation Equipment Rental and LeasingLooking for commercial loans for commercial air, rail, and water transportation equipment rental and leasing? The SBA may be the answer. This $1,013,500 commercial air, rail, and water transportation equipment rental and leasing loan was issued by a Texas bank. This business knew how to go about getting a business bank loan. Based in Garland, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Jpmorgan Chase Bank, based in Houston, Texas. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AIR, RAIL, AND WATER TRANSPORTATION EQUIPMENT RENTAL AND LEASING 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 532411 - Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing Loan Approval Date 12/23/2003 Loan Approval Gross Amount $1,013,500 Loan Approval from the SBA Of the total $1,013,500 loan amount, the SBA guaranteed $354,725. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 7 existing jobs. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Jpmorgan Chase Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: SBA Participating Banks in Houston, Texas
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