Personal Services Bank Loans

Looking for bank loans for personal services? Talk to a banker who works with the SBA. This $302,700 personal services loan was issued by a Texas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Chandler, Arizona was able to borrow $302,700 from Comerica Bank. The SBA made the loan possible by guaranteeing $227,025 of this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
CHANDLER, AZ 85225

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812990 - Personal Services

Loan Approval Date

6/14/2006

Loan Approval Gross Amount

$302,700

Loan Approval from the SBA

Of the total $302,700 loan amount, the SBA guaranteed $227,025.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 6 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Chandler AZ, you ought to talk with a local Chandler SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chandler businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Comerica Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Comerica Bank 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.

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