Truckee, California Bank Lends Money to General Rental Centers Company in Chandler, Arizona
Thinking about meeting with a Truckee, California bank about a business loan? Here's one Arizona business loan, issued by a Truckee bank, that was approved by the SBA.
Applying for an SBA loan with Bank Of The West worked out well for our friends at one local firm in Chandler, Arizona. They received an SBA loan for $1,310,000. Nice!
SBA Loan Borrower
COMPANY TYPE: GENERAL RENTAL CENTERS
CHANDLER, AZ 85255
SBA Loan Lender
BANK OF THE WEST
10181 TRUCKEE TAHOE AIRPORT R
TRUCKEE, CA 96161
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.
NAICS Code
532310 - General Rental Centers
Loan Approval Date
6/7/2002
Loan Approval Gross Amount
$1,310,000
Loan Approval from the SBA
Of the total $1,310,000 loan amount, the SBA guaranteed $982,500.
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. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 17 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
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 $1,310,000 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.
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