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December 26, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Santa Rosa, Business Loans > Sterling Savings Bank Santa Rosa Business Loans > Electrical Equipment And Component Manufacturing Loan | ||||
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Raising Money in Phoenix, Arizona With SBA Loans
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Electrical Equipment and Component Manufacturing LoansWith these loans for electrical equipment and component manufacturing, the SBA guarantees the lender that the loan will be repaid. This electrical equipment and component manufacturing loan for $610,000 was given to an Arizona entrepreneur in 2003. Getting a small business loan in Phoenix, Arizona was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Sterling Savings Bank, operating out of Santa Rosa, California. Here are the details on this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRICAL EQUIPMENT AND COMPONENT MANUFACTURING SBA Loan Lender STERLING SAVINGS BANK This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 335999 - Electrical Equipment and Component Manufacturing Loan Approval Date 11/10/2003 Loan Approval Gross Amount $610,000 Loan Approval from the SBA Of the total $610,000 loan amount, the SBA guaranteed $457,500. 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 12 employees. The loan application indicated that the loan would help generate 13 new jobs and retain 12 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Sterling Savings Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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. Related Links: Find an SBA Lender in Santa Rosa, California
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