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November 14, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Gilbert, Business Loans > Union Bank Gilbert Business Loans > Mechanical Power Transmission Equipment Loan | ||||
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How to Get SBA Money in Glendale, Arizona
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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, an Arizona bank provides the loan. By giving the right information to Union Bank, this Glendale, Arizona business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: MECHANICAL POWER TRANSMISSION EQUIPMENT SBA Loan Lender UNION BANK At the time this loan was granted, this bank was part of the SBA's Certified Lenders Program (CLP). This program is designed to ensure speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3568 - Mechanical Power Transmission Equipment NAICS Code 333613 - Mechanical Power Transmission Equipment Manufacturing Loan Approval Date 7/26/2001 Loan Approval Gross Amount $332,000 Loan Approval from the SBA Of the total $332,000 loan amount, the SBA guaranteed $249,000. 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 5 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Union Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA Participating Banks in Gilbert, Arizona
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