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May 6, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Drycleaning And Laundry Services Loan | ||||
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How Do We Get a Business Loan in Oklahoma City, Oklahoma?
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Borrowing Money for Drycleaning and Laundry ServicesLooking for bank loans for drycleaning and laundry services? Try the SBA. This $121,700 drycleaning and laundry services loan was issued by a Texas bank. This small firm knew how to go about getting a business bank loan. Based in Oklahoma City, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Jpmorgan Chase Bank, based in Houston, Texas. SBA Loan Borrower COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES SBA Loan Lender JPMORGAN CHASE BANK This lender processed this small business 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 812320 - Drycleaning and Laundry Services Loan Approval Date 1/5/2006 Loan Approval Gross Amount $121,700 Loan Approval from the SBA Of the total $121,700 loan amount, the SBA guaranteed $60,850. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 15 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Realistic Debt Financing Options
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