Entrepreneur Works With Phoenix, Arizona Bank to Get an SBA Loan

Thinking about meeting with a Phoenix, Arizona bank about a small business loan? Here's one Arizona business loan, issued by a Phoenix bank, that was approved by the SBA.

Applying for an SBA loan with Cobiz Bank worked out well for our friends at one local firm in Phoenix, Arizona. The business was able to get an SBA loan for $250,000. Nice!

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL LITHOGRAPHIC PRINTING
PHOENIX, AZ 85034

SBA Loan Lender

COBIZ BANK
2700 N CENTRAL AVE, STE 110
PHOENIX, AZ 85004

This lender issued this SBA bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323110 - Commercial Lithographic Printing

Loan Approval Date

11/4/2005

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 37 employees. The SBA loan application for the borrower indicated that the loan would help retain 37 existing jobs.

Next Steps for Getting an SBA Loan

If you need 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 important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Cobiz Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Cobiz Bank 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.

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