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November 25, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Limited-Service Restaurants Loan | ||||
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Raising Money in Glendale, Arizona With SBA Loans
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Local Business Gets an Arizona Small Business LoanArizonaBusiness loans are available to Arizona business owners through the SBA. In this case, a Minnesota bank provides the loan. Getting a small business loan in Glendale, Arizona was a top priority for this SBA-financed company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Stearns Bank. Here are the details on this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender STEARNS BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 5/5/2006 Loan Approval Gross Amount $657,000 Loan Approval from the SBA Of the total $657,000 loan amount, the SBA guaranteed $492,750. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had no employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 25 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, 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. We can help you find the best banks for small businesses in Glendale or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Obtaining Funding - How to Borrow Money SBA 7A Banks in Saint Cloud, Minnesota
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