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November 21, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Phoenix, Business Loans > Alliance Bank Of Arizona Phoenix Business Loans > Construction Material Merchant Wholesalers Loan | ||||
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Alliance Bank Of Arizona Phoenix
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SBA Loan from Alliance Bank Of Arizona Helps Construction Material Merchant Wholesalers CompanyAn SBA loan from Alliance Bank Of Arizona typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Phoenix, Arizona business owner got a $511,000 loan. Getting a small business loan in Phoenix, Arizona was an essential business goal for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Alliance Bank Of Arizona, operating out of Phoenix, Arizona. Here are the details on this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION MATERIAL MERCHANT WHOLESALERS SBA Loan Lender ALLIANCE BANK OF 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 423390 - Construction Material Merchant Wholesalers Loan Approval Date 6/22/2005 Loan Approval Gross Amount $511,000 Loan Approval from the SBA Of the total $511,000 loan amount, the SBA guaranteed $383,250. 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 9 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 9 existing jobs. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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:
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