Entrepreneur Works With Cave Creek, Arizona Bank to Get an SBA Loan

Want to talk with a Cave Creek, Arizona bank about an SBA loan? Here's one Arizona business loan, issued by a Cave Creek bank, that was approved by the SBA.

Applying for an SBA loan with Parkway Bank Arizona worked out well for our friends at one local firm in Phoenix, Arizona. They got an SBA loan for $50,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: FLOOR COVERING STORES
PHOENIX, AZ 85032

SBA Loan Lender

PARKWAY BANK ARIZONA
6300 E CAVE CREEK RD
CAVE CREEK, AZ 85331

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442210 - Floor Covering Stores

Loan Approval Date

8/19/2002

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 a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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