SBA Loan from Alliance Bank Helps Family Clothing Stores Company
Alliance Bank has a track record as a leading provider of SBA loans. Find out how this Arizona entrepreneur received an SBA loan from them.
This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Alliance Bank, out of Culver City, California. The loan was granted and they received $1,194,000 to help grow their Phoenix, Arizona business.
SBA Loan Borrower
COMPANY TYPE: FAMILY CLOTHING STORES
PHOENIX, AZ 85006
SBA Loan Lender
ALLIANCE BANK
100 CORPORATE POINTE
CULVER CITY, CA 90230
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
448140 - Family Clothing Stores
Loan Approval Date
6/25/2007
Loan Approval Gross Amount
$1,194,000
Loan Approval from the SBA
Of the total $1,194,000 loan amount, the SBA guaranteed $895,500.
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 13 employees. The SBA loan documents indicated that the loan would help retain 13 existing jobs.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,194,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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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