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November 15, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > General Long-Distance Freight Trucking Loan | ||||
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How to Get an SBA 7A Loan in Mesa, Arizona
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Arizona Business Loan Issued to General Long-Distance Freight Trucking CompanyBusiness loans in Arizona are tough to come by these days. We take a look at one Arizona business loan, provided by a California bank, that was approved by the SBA. Getting a small business loan in Mesa, Arizona was a top priority for this SBA-financed company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from California Bank & Trust. Here are the details on this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING SBA Loan Lender CALIFORNIA BANK & TRUST This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 484121 - General Long-Distance Freight Trucking Loan Approval Date 6/19/2003 Loan Approval Gross Amount $609,500 Loan Approval from the SBA Of the total $609,500 loan amount, the SBA guaranteed $457,125. 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 26 employees. This SBA loan request indicated that the loan would help retain 26 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into California Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Banks in Sacramento, California SBA Participating Banks in California
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