Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Glendale, Arizona Bank Loan

 

 
Loan Census SBA Loan Info

Small Business Loans for Mortgage and Nonmortgage Loan Brokers

Looking for small business loans for mortgage and nonmortgage loan brokers? The SBA may be the answer. This $515,600 mortgage and nonmortgage loan brokers 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 $515,600 from First National Bank Of Arizona. The SBA made the loan possible by guaranteeing $386,700 of this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: MORTGAGE AND NONMORTGAGE LOAN BROKERS
GLENDALE, AZ 85308

SBA Loan Lender

FIRST NATIONAL BANK OF ARIZONA
17600 N PERIMETER DR
SCOTTSDALE, AZ 85255

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

522310 - Mortgage and Nonmortgage Loan Brokers

Loan Approval Date

10/24/2005

Loan Approval Gross Amount

$515,600

Loan Approval from the SBA

Of the total $515,600 loan amount, the SBA guaranteed $386,700.

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 243 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 243 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First National Bank Of Arizona and they will explain how you can get an SBA loan for your company.

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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