Financing for Household Appliance Stores

Looking for commercial loans for household appliance stores? Try the SBA. This $110,000 household appliance stores loan was issued by a Texas bank.

This business knew how to go about getting a business bank loan. Based in Green Valley, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Compass Bank, based in Dallas, Texas.

SBA Loan Borrower

COMPANY TYPE: HOUSEHOLD APPLIANCE STORES
GREEN VALLEY, AZ 85614

SBA Loan Lender

COMPASS BANK
17218 PRESTON RD
DALLAS, TX 75252

This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5722 - Household Appliance Stores

NAICS Code

443111 - Household Appliance Stores

Loan Approval Date

1/25/2000

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $82,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 4 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Green Valley AZ, you ought to talk with a local Green Valley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Green Valley 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 Compass Bank 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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