Chandler, Arizona Entrepreneur Gets a Business Loan

Bank loans in Arizona are are few and far betweeen these days. We take a look at one Arizona bank loan, provided by an Arizona bank, that was approved by the SBA.

Getting a small business loan in Chandler, Arizona was a top priority for this loan applicant back in 2006 and, based on their loan application, they were successful in getting an SBA loan from National Bank Of Arizona. Here are the details on this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
CHANDLER, AZ 85225

SBA Loan Lender

NATIONAL BANK OF ARIZONA
6001 N 24TH ST
PHOENIX, AZ 85016

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

11/6/2006

Loan Approval Gross Amount

$601,200

Loan Approval from the SBA

Of the total $601,200 loan amount, the SBA guaranteed $450,900.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like National Bank Of Arizona that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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 7A Banks for Phoenix, Arizona Loans

Getting an SBA Loan in Arizona