Phoenix, Arizona Entrepreneur Gets a Business Loan
ArizonaBusiness loans are available to Arizona business owners through the SBA. In this case, an Arizona bank provides the loan.
You can learn something about getting a small business loan in Phoenix, Arizona by studying this loan to a local business, made back in 2000. Banks like First National Bank Of Arizona may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
PHOENIX, AZ 85014
SBA Loan Lender
FIRST NATIONAL BANK OF ARIZONA
7139 E SHEA BLVD
SCOTTSDALE, AZ 85254
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
11/14/2000
Loan Approval Gross Amount
$154,500
Loan Approval from the SBA
Of the total $154,500 loan amount, the SBA guaranteed $115,875.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 16 employees. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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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