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November 15, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Lordsburg, Business Loans > Western Bank Lordsburg Business Loans > Horse And Equine Production Loan | ||||
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Hereford, Arizona Bank Loan
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Hereford, Arizona Entrepreneur Gets a Small Business LoanArizonaBusiness loans are available to Arizona business owners through the SBA. In this case, a New Mexico bank provides the loan. This small business, based in Hereford, Arizona, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Western Bank. We've got the inside scoop on this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: HORSE AND EQUINE PRODUCTION SBA Loan Lender WESTERN BANK This lender issued this particular SBA business loan 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. NAICS Code 112920 - Horse and Equine Production Loan Approval Date 7/17/2003 Loan Approval Gross Amount $65,800 Loan Approval from the SBA Of the total $65,800 loan amount, the SBA guaranteed $55,930. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Don't forget. To get an SBA loan, you must 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: The Friends and Family Network SBA 7A Banks in Lordsburg, New Mexico
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