Entrepreneur Works With Cave Creek, Arizona Bank to Get an SBA Loan

Want to talk with a Cave Creek, Arizona bank about an SBA loan? Here's one Arizona business loan, issued by a Cave Creek bank, that was approved by the SBA.

Applying for an SBA loan with Parkway Bank Arizona worked out well for our friends at one local business in Cave Creek, Arizona. The business was able to get an SBA loan for $50,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: LIVESTOCK WHOLESALERS
CAVE CREEK, AZ 85331

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

422520 - Livestock Wholesalers

Loan Approval Date

6/14/2002

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We can help you find the best banks for small businesses in Cave Creek or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

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Best Banks for Small Business in Cave Creek, Arizona

Where to Get an SBA Loan Arizona