Borrowing Money for Commercial and Service Industry Machinery Manufacturing
Looking for small business loans for commercial and service industry machinery manufacturing? An SBA loan may be just what you've been looking for. This $67,700 commercial and service industry machinery manufacturing loan was issued by an Arizona bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Glendale, Arizona was able to borrow $67,700 from National Bank Of Arizona. The SBA made the loan possible by guaranteeing $33,850 of this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: COMMERCIAL AND SERVICE INDUSTRY MACHINERY MANUFACTURING
GLENDALE, AZ 85301
SBA Loan Lender
NATIONAL BANK OF ARIZONA
335 N WILMOT RD
TUCSON, AZ 85711
This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
333319 - Commercial and Service Industry Machinery Manufacturing
Loan Approval Date
9/7/2006
Loan Approval Gross Amount
$67,700
Loan Approval from the SBA
Of the total $67,700 loan amount, the SBA guaranteed $33,850.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 16 employees. The loan application indicated that the loan would help retain 16 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $67,700 loan. Remember, things become real when you believe you can achieve them!
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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