Phoenix, Arizona Entrepreneur Gets an SBA Loan
Looking to get an Arizona small business loan? This Arizona entrepreneur got a small business loan, provided by an Arizona bank that works with the SBA to help small business owners.
Getting a small business loan in Phoenix, Arizona was a top priority for this small company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Cobiz Bank. Here are the details on this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: ELECTRICAL APPARATUS AND EQUIPMENT, WIRING SUPPLIES, AND RELATED EQUIPMENT
PHOENIX, AZ 85034
SBA Loan Lender
COBIZ BANK
2700 N CENTRAL AVE, STE 110
PHOENIX, AZ 85004
The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
423610 - Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment
Loan Approval Date
3/11/2004
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $42,500.
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 12 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 12 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Cobiz Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Cobiz Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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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Startup Funding Tip
Banks in Phoenix, Arizona
SBA Lenders in Arizona