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SBA Loan

by talcazar, Window Shopper

  • Created: December 13, 2012, 4:30 pm
  • Updated: January 11, 2013, 1:56 pm
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3 comments
My son and I are starting a business. With our 20 plus years experience we come up with a Retail Flavored Tortilla product and we trademarked the name: "Mr. Tortilla" Our flour is GMO Free and Certified Organic. We are certified OU Kosher. We come up with 100K to start the business and we have the best bag presentation in the industry. We applied to a SBA loan through Chase Bank. After three months they denied the loan their words were "That the loan were not accepted to be forwarded to SBA" The application were in my son's name and his score is 687. We have a great business plan and do not understand how can the bank didn't put the application through the SBA office. Can someone help us understand the process. Tony Alcazar
Tags: Discuss Popular Topics, Loans & Grants
‹ Starting a business after bankruptcy What will happen if you can't pay your small business loan? ›

JGabriel | Community Moderator | 1/15/2013 - 3:24 pm

Hi Tony, the following blog can help shed some light on the loan process small business-friendly banks.

robymasha39 | Window Shopper | 1/7/2013 - 10:40 am

I would certainly ask another bank but with 100k do you need a loan try
grants instead.?

lutherbjohnson | Window Shopper | 12/19/2012 - 8:49 am

Mr. Tony, My loan went through, but with help from the Chase representative.
If you have questions, the person at Chase should give you all the
information needed to modify and re-submit your loan. Do not hesitate to ask
them for help!
Professional Web Site: Consulting & Safety Professionals, In.