Growing Company Gets an Arizona SBA Loan
Would an Arizona bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Arizona bank, which offers SBA loans to Arizona entrepreneurs.
Getting a small business loan in Phoenix, Arizona was a top priority for this loan applicant back in 2005 and, based on their loan application, they were successful in getting an SBA loan from First National Bank Of Arizona. Here are the details on this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: FURNITURE STORES
PHOENIX, AZ 85056
SBA Loan Lender
FIRST NATIONAL BANK OF ARIZONA
17600 N PERIMETER DR
SCOTTSDALE, AZ 85255
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
442110 - Furniture Stores
Loan Approval Date
7/27/2005
Loan Approval Gross Amount
$1,822,500
Loan Approval from the SBA
Of the total $1,822,500 loan amount, the SBA guaranteed $1,366,875.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 28 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 38 existing jobs.
Getting an SBA Loan For Your Business
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.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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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