Union Bank Gives Small Business Loan to Liquefied Petroleum Gas Dealers Company

ArizonaSBA loans are available to Arizona entrepreneurs through the SBA. In this case, an Arizona bank provides the loan.

Getting a small business loan in Phoenix, Arizona was a top priority for this particular business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Union Bank. Here are the details on this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: LIQUEFIED PETROLEUM GAS DEALERS
PHOENIX, AZ 85067

SBA Loan Lender

UNION BANK
3631 E BASELINE RD
GILBERT, AZ 85234

This loan for a small business was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending history and a thorough understanding of SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5984 - Liquefied Petroleum Gas Dealers

NAICS Code

454312 - Liquefied Petroleum Gas Dealers

Loan Approval Date

3/6/2001

Loan Approval Gross Amount

$308,000

Loan Approval from the SBA

Of the total $308,000 loan amount, the SBA guaranteed $231,000.

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 27 employees. This SBA loan request did not indicate that the business promised to use the money to add 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Union Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Union Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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