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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 > Commercial Printing Loan | ||||
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Scottsdale, Arizona Bank for SBA Loans
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Scottsdale, Arizona Lender Lends Money to Commercial Printing CompanyWant to talk with a Scottsdale, Arizona bank about a business loan? Here's one Arizona business loan, issued by a Scottsdale bank, that was approved by the SBA. Applying for an SBA loan with Stearns Bank Arizona worked out well for our friends at one local firm in Phoenix, Arizona. The business was able to get an SBA loan for $755,000. Nice! SBA Loan Borrower COMPANY TYPE: COMMERCIAL PRINTING SBA Loan Lender STEARNS BANK ARIZONA Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 323119 - Commercial Printing Loan Approval Date 8/16/2002 Loan Approval Gross Amount $755,000 Loan Approval from the SBA Of the total $755,000 loan amount, the SBA guaranteed $566,250. 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 15 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 14 existing jobs. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We can help you find the best banks for small businesses in Phoenix or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: A Company That Helps Entrepreneurs
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