Union Bank Gives SBA Loan to Ambulatory Health Care Services Company
Would an Arizona small business loan help your small business to grow and prosper? If so, you may want to talk with this Arizona bank, which offers SBA loans to Arizona entrepreneurs.
This small business, based in Mesa, 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 Union Bank. We've got the inside scoop on this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: AMBULATORY HEALTH CARE SERVICES
MESA, AZ 85201
SBA Loan Lender
UNION BANK
3631 E BASELINE RD
GILBERT, AZ 85234
This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621999 - Ambulatory Health Care Services
Loan Approval Date
9/27/2001
Loan Approval Gross Amount
$47,000
Loan Approval from the SBA
Of the total $47,000 loan amount, the SBA guaranteed $39,950.
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 5 employees. The loan application did not indicate that the company 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?
Remember, you 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.
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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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