Bank Loans for Durable Goods Merchant Wholesalers

Looking for bank loans for durable goods merchant wholesalers? Talk to a banker who works with the SBA. This $506,100 durable goods merchant wholesalers loan was issued by an Arizona bank.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Choice Bank, out of Scottsdale, Arizona. The loan was granted and they received $506,100 to help grow their Phoenix, Arizona business.

SBA Loan Borrower

COMPANY TYPE: DURABLE GOODS MERCHANT WHOLESALERS
PHOENIX, AZ 85029

SBA Loan Lender

CHOICE BANK
15190 N HAYDEN RD
SCOTTSDALE, AZ 85260

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423990 - Durable Goods Merchant Wholesalers

Loan Approval Date

5/8/2007

Loan Approval Gross Amount

$506,100

Loan Approval from the SBA

Of the total $506,100 loan amount, the SBA guaranteed $379,575.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 20 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Choice Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Business Credit Evaluation

Banks in Scottsdale, Arizona

Where to Get an SBA Loan Arizona