Growing Company Gets an Arizona Bank Loan
Searching for an Arizona bank loan? This Arizona entrepreneur got a bank loan, provided by a Texas bank that works with the SBA to help small business owners.
This company, based in Casa Grande, Arizona, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Comerica Bank. We've got the inside scoop on this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: GASOLINE SERVICE STATIONS
CASA GRANDE, AZ 85222
SBA Loan Lender
COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5541 - Gasoline Service Stations
NAICS Code
447190 - Gasoline Stations
Loan Approval Date
5/9/2005
Loan Approval Gross Amount
$1,685,000
Loan Approval from the SBA
Of the total $1,685,000 loan amount, the SBA guaranteed $1,263,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 13 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Comerica Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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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