SBA Loan from Jpmorgan Chase Bank Helps Petroleum Bulk Stations And Terminals Company

Jpmorgan Chase Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Louisiana entrepreneur who tapped into the power of SBA loans.

Getting a small business loan in Kinder, Louisiana was an essential business goal for this firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Jpmorgan Chase Bank, operating out of Columbus, Ohio. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: PETROLEUM BULK STATIONS AND TERMINALS
KINDER, LA 70648

SBA Loan Lender

JPMORGAN CHASE BANK
100 E BROAD ST
COLUMBUS, OH 43215

The lender provided this small business 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

424710 - Petroleum Bulk Stations and Terminals

Loan Approval Date

3/18/2004

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 14 employees. The SBA loan application for the borrower indicated that the loan would help generate 9 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Kinder LA, you ought to talk with a local Kinder SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Kinder businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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