Bank Loans for Direct Selling Establishments

Looking for bank loans for direct selling establishments? Try the SBA. This $100,000 direct selling establishments loan was issued by an Arizona bank.

This company knew how to go about getting a business bank loan. Based in Glendale, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was National Bank Of Arizona, based in Tucson, Arizona.

SBA Loan Borrower

COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS
GLENDALE, AZ 85301

SBA Loan Lender

NATIONAL BANK OF ARIZONA
335 N WILMOT RD
TUCSON, AZ 85711

This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

454390 - Direct Selling Establishments

Loan Approval Date

1/23/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 6 employees. The loan application indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Glendale AZ, you ought to talk with a local Glendale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Glendale businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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Where to Get an SBA Loan in Tucson, Arizona

Getting an SBA Loan in Arizona