Getting an SBA Loan for Engineering Services

Looking for commercial loans for engineering services? Talk to a banker who works with the SBA. This $334,900 engineering services loan was issued by an Arizona bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with National Bank Of Arizona, out of Phoenix, Arizona. The loan was granted and they received $334,900 to help grow their Phoenix, Arizona business.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
PHOENIX, AZ 85044

SBA Loan Lender

NATIONAL BANK OF ARIZONA
6001 N 24TH ST
PHOENIX, AZ 85016

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

541330 - Engineering Services

Loan Approval Date

4/7/2006

Loan Approval Gross Amount

$334,900

Loan Approval from the SBA

Of the total $334,900 loan amount, the SBA guaranteed $251,175.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into National Bank Of Arizona and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Financing Your Business

SBA Approved Banks in Phoenix, Arizona

SBA Arizona Banks