www.PartnerUp.com - Small Business Community
1
1 Views

Dan Yarbrough posted a new question on 8/7/2009

A Rep from Chase Bank told me that the SBA will not consider guarranting any "start up" loans for new small businesses at this time. True?


The Chase Bank rep told me only loans for exisiting customers of at least 2 years with taxes to verify are being considered, True?


Industry

Automotive


Skills


State

Texas


 
picture of E T6

E T Responded on 9/30/2009


Well, Chase cant speak on behalf of the SBA, believe me I ve had a bank say the same thing about one of my customers and I went down the road to another bank got them financed. So dont take it to heart, Chase may not be funding for anyone outside those parameters, but there are a few based on credit and business plan with strong finacials that are still funding.

 
picture of E T6

E T Responded on 9/30/2009


Well, Chase cant speak on behalf of the SBA, believe me I ve had a bank say the same thing about one of my customers and I went down the road to another bank got them financed. So dont take it to heart, Chase may not be funding for anyone outside those parameters, but there are a few banks that are base on credit and business plan with strong finacials that are still funding.

 
 Respond to question
( Paste a youtube link to embed a video. eg: http://www.youtube.com/watch?v=dQw4w9WgXcQ )
1500 character max
0 characters

Share on:
 
 



 Explore The Community



 Helpful Resources