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November 23, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Direct Property And Casualty Insurance Carriers Loan | ||||
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Glendale, Arizona Bank Loan
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Business Loans for Direct Property and Casualty Insurance CarriersLooking for business loans for direct property and casualty insurance carriers? An SBA loan may be just what you've been looking for. This $25,000 direct property and casualty insurance carriers loan was issued by a Virginia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Glendale, Arizona was able to borrow $25,000 from Capital One. The SBA made the loan possible by guaranteeing $12,500 of this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: DIRECT PROPERTY AND CASUALTY INSURANCE CARRIERS SBA Loan Lender CAPITAL ONE This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 524126 - Direct Property and Casualty Insurance Carriers Loan Approval Date 1/19/2006 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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 23 employees. The SBA loan application for the borrower indicated that the loan would help retain 23 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. While you may be able to find business people willing to loan money, 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. Related Links: Borrowing Money from Friends and Family SBA Participating Banks in Mclean, Virginia
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