Cobiz Bank Gives Bank Loan to Aircraft Parts And Auxiliary Equipment Manufacturing Company
Would an Arizona business loan help your company expand? If so, you may want to talk with this Arizona bank, which offers SBA loans to Arizona entrepreneurs.
Getting a small business loan in Maricopa, Arizona was a top priority for this SBA-financed company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Cobiz Bank. Here are the details on this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: AIRCRAFT PARTS AND AUXILIARY EQUIPMENT MANUFACTURING
MARICOPA, AZ 85239
SBA Loan Lender
COBIZ BANK
2700 N CENTRAL AVE, STE 110
PHOENIX, AZ 85004
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
336413 - Aircraft Parts and Auxiliary Equipment Manufacturing
Loan Approval Date
12/7/2006
Loan Approval Gross Amount
$300,000
Loan Approval from the SBA
Of the total $300,000 loan amount, the SBA guaranteed $225,000.
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 3 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 3 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
We can help you find the best banks for small businesses in Maricopa or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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