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May 1, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Masonry Contractors Loan | ||||
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How Hard Is It to Get a Small Business Loan in Baton Rouge, Louisiana?
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Masonry Contractors Business LoansWith these business loans for masonry contractors, the SBA guarantees the lender that the loan will be repaid. This masonry contractors loan for $50,000 was given to a Louisiana entrepreneur in 2008. This small business received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with Jpmorgan Chase Bank, out of Houston, Texas. The loan was granted and they received $50,000 to help grow their Baton Rouge, Louisiana business. SBA Loan Borrower COMPANY TYPE: MASONRY CONTRACTORS SBA Loan Lender JPMORGAN CHASE BANK The lender provided this loan for a small business 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 238140 - Masonry Contractors Loan Approval Date 1/22/2008 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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 only one employee. The loan application indicated that the loan would help retain 1 existing job. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $50,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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:
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