Phoenix, Arizona Entrepreneur Gets a Business 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.
This small business, based in Phoenix, Arizona, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from National Bank Of Arizona. We've got the inside scoop on this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: LUGGAGE AND LEATHER GOODS STORES
PHOENIX, AZ 85017
SBA Loan Lender
NATIONAL BANK OF ARIZONA
6001 N 24TH ST
PHOENIX, AZ 85016
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
448320 - Luggage and Leather Goods Stores
Loan Approval Date
5/18/2007
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $112,500.
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 10 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 4 existing jobs.
Next Steps for Getting an SBA Loan
If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, things become real when you believe you can achieve them!
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:
Equity Financing
SBA 7A Banks for Phoenix, Arizona Loans
Arizona SBA Bank Lenders