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December 22, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Scottsdale, Business Loans > Stearns Bank Arizona Scottsdale Business Loans > Lessors Of Nonresidential Buildings Loan | ||||
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Arizona SBA 7A Lenders
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Entrepreneur Works With Scottsdale, Arizona Bank to Get an SBA LoanGet small business loans from a Scottsdale, Arizona bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Stearns Bank Arizona is a Scottsdale, Arizona small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Arizona company. SBA Loan Borrower COMPANY TYPE: LESSORS OF NONRESIDENTIAL BUILDINGS SBA Loan Lender STEARNS BANK ARIZONA Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 531120 - Lessors of Nonresidential Buildings Loan Approval Date 11/12/2003 Loan Approval Gross Amount $579,300 Loan Approval from the SBA Of the total $579,300 loan amount, the SBA guaranteed $434,475. 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 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 7 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Phoenix or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Where to Get an SBA Loan in Scottsdale, Arizona
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