SBA Loan from Center Bank Helps Grocery Stores Company
Center Bank has a track record as a leading provider of SBA loans. Find out how this Arizona entrepreneur received an SBA loan from them.
Getting a small business loan in Peoria, Arizona was an essential business goal for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Center Bank, operating out of Los Angeles, California. Here are the details on this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: GROCERY STORES
PEORIA, AZ 85381
SBA Loan Lender
CENTER BANK
4301 W 3RD ST
LOS ANGELES, CA 90020
This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5411 - Grocery Stores
NAICS Code
445110 - Supermarkets and Grocery Stores
Loan Approval Date
6/16/2003
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 12 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Center Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.
Related Links:
How Much Venture Capital Is There?
Best Banks for Small Business in Los Angeles, California
SBA California Banks