Cave Creek, Arizona Business Gets SBA-Guaranteed Funding from M&i Marshall & Ilsley Bank
M&i Marshall & Ilsley Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Arizona entrepreneur who tapped into the power of SBA loans.
This growing company knew how to go about getting a business bank loan. Based in Cave Creek, Arizona, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was M&i Marshall & Ilsley Bank, based in Phoenix, Arizona.
SBA Loan Borrower
COMPANY TYPE: WRECKING AND DEMOLITION CONTRACTORS
CAVE CREEK, AZ 85331
SBA Loan Lender
M&I MARSHALL & ILSLEY BANK
ONE E CAMELBACK RD
PHOENIX, AZ 85012
This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
235940 - Wrecking and Demolition Contractors
Loan Approval Date
5/3/2001
Loan Approval Gross Amount
$54,000
Loan Approval from the SBA
Of the total $54,000 loan amount, the SBA guaranteed $27,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 14 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 14 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
Microlending as a Small Business Funding Source
SBA Banks in Phoenix, Arizona
SBA Arizona Banks