Book Stores Commercial Loans

Looking for commercial loans for book stores? The SBA may be the answer. This $150,000 book stores loan was issued by an Arizona bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Arizona Central Cu, out of Phoenix, Arizona. The loan was granted and they received $150,000 to help grow their Flagstaff, Arizona business.

SBA Loan Borrower

COMPANY TYPE: BOOK STORES
FLAGSTAFF, AZ 86004

SBA Loan Lender

ARIZONA CENTRAL CU
2020 N CENTRAL AVE STE 800
PHOENIX, AZ 85004

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451211 - Book Stores

Loan Approval Date

3/31/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

While you may be able to borrow money from friends and family, 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.

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