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November 15, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Lake Havasu City, Business Loans > Mohave State Bank Lake Havasu City Business Loans > Plastics, Foil And Coated Paper Bags Loan | ||||
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SBA Lender Arizona
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Lake Havasu City, Arizona Business Gets SBA-Guaranteed Funding from Mohave State BankMohave State Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Arizona entrepreneur was able to get a loan to take a small business to the next level. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Mohave State Bank, out of Lake Havasu City, Arizona. The loan was granted and they received $76,000 to help grow their Lake Havasu City, Arizona business. SBA Loan Borrower COMPANY TYPE: PLASTICS, FOIL AND COATED PAPER BAGS SBA Loan Lender MOHAVE STATE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2673 - Plastics, Foil and Coated Paper Bags Loan Approval Date 8/10/2000 Loan Approval Gross Amount $76,000 Loan Approval from the SBA Of the total $76,000 loan amount, the SBA guaranteed $60,800. 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 16 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 Mohave State 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. Related Links: Good Banks for Small Business in Lake Havasu City, Arizona
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