Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Carefree, Arizona Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Where to Get Capital for Food Supplement Stores

Looking for small business loans for food supplement stores? Try the SBA. This $150,000 food supplement stores loan was issued by an Arizona bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Parkway Bank Arizona, out of Cave Creek, Arizona. The loan was granted and they received $150,000 to help grow their Carefree, Arizona business.

SBA Loan Borrower

COMPANY TYPE: FOOD SUPPLEMENT STORES
CAREFREE, AZ 85377

SBA Loan Lender

PARKWAY BANK ARIZONA
6300 E CAVE CREEK RD
CAVE CREEK, AZ 85331

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446191 - Food Supplement Stores

Loan Approval Date

8/13/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

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 $150,000 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:

Determining Proper Capital Structure for a Business

Who Lends Money to Small Businesses in Cave Creek, Arizona

Getting an SBA Loan in Arizona