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November 14, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Scottsdale, Business Loans > Stearns Bank Arizona Scottsdale Business Loans > Precision Door Service Loan | ||||
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Peoria, Arizona Bank for SBA Loans
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Peoria, AZ Entrepreneur Gets SBA Loan to Buy Precision Door Service FranchiseNeed money to purchase a Precision Door Service franchise? Stearns Bank Arizona has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Peoria, Arizona needed money to invest in a Precision Door Service franchise back in 2002. Stearns Bank Arizona issued an SBA franchise loan. Here are the details on this Arizona small business loan. SBA Loan Borrower PRECISION DOOR SERVICE SBA Loan Lender STEARNS BANK ARIZONA 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 561790 - Services to Buildings and Dwellings Loan Approval Date 5/1/2002 Loan Approval Gross Amount $650,000 Loan Approval from the SBA Of the total $650,000 loan amount, the SBA guaranteed $487,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Precision Door Service franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help generate 1 new job and retain 7 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Stearns Bank Arizona had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Stearns Bank Arizona made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Banking Deregulation's Effects on Entrepreneurship SBA Participating Banks in Scottsdale, Arizona
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