SBA Loan from Stearns Bank Arizona Helps Drinking Places Company
Stearns Bank Arizona 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 Phoenix, Arizona was an essential business goal for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Stearns Bank Arizona, operating out of Scottsdale, Arizona. Here are the details on this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: DRINKING PLACES
PHOENIX, AZ 85015
SBA Loan Lender
STEARNS BANK ARIZONA
9225 E SHEA BLVD
SCOTTSDALE, AZ 85260
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
722410 - Drinking Places
Loan Approval Date
5/13/2003
Loan Approval Gross Amount
$200,000
Loan Approval from the SBA
Of the total $200,000 loan amount, the SBA guaranteed $150,000.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.
Getting an SBA Loan For Your Business
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
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:
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Where to Get an SBA Loan Arizona