Mohave State Bank SBA Loan to Services Company

Want an Arizona SBA loan? Here's one Arizona business loan that was approved by the SBA.

This growing firm needed an SBA business loan in Lake Havasu City, Arizona back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Mohave State Bank, operating out of Lake Havasu City, Arizona. Here are the details on this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: SERVICES
LAKE HAVASU CITY, AZ 86406

SBA Loan Lender

MOHAVE STATE BANK
1771 MCCULLOCH BLVD
LAKE HAVASU CITY, AZ 86403

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8999 - Services

Loan Approval Date

3/6/2000

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Mohave State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Direct Public Offerings

SBA Participating Banks in Lake Havasu City, Arizona

Arizona SBA 7A Lenders