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November 14, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Catalog And Mail-Order Houses Loan | ||||
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Getting a Business Loan in Cave Creek, Arizona
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Ge Cap. Small Business Finan Corp Gives SBA Loan to Catalog And Mail-Order Houses CompanySmall business loans in Arizona are are few and far betweeen these days. We take a look at one Arizona small business loan, provided by a Missouri bank, that was approved by the SBA. Getting a small business loan in Cave Creek, Arizona was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Ge Cap. Small Business Finan Corp. Here are the details on this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: CATALOG AND MAIL-ORDER HOUSES SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5961 - Catalog and Mail-Order Houses NAICS Code 454110 - Electronic Shopping and Mail-Order Houses Loan Approval Date 7/6/2000 Loan Approval Gross Amount $1,580,000 Loan Approval from the SBA Of the total $1,580,000 loan amount, the SBA guaranteed $749,994. 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 14 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 16 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Ge Cap. Small Business Finan Corp had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Ge Cap. Small Business Finan Corp made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Who Lends Money to Small Businesses in St. Louis, Missouri Browse All Business Loan Sources for Missouri
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