Loan Census Banking News and Information
November 24, 2024  
 
 
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Scottsdale, Arizona SBA 7A Banks

 

 
Loan Census SBA Loan Info

Scottsdale, Arizona Lender Lends Money to Mail-Order Houses Company

Get business loans from a Scottsdale, Arizona bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

First Fidel. Bank 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: MAIL-ORDER HOUSES
PHOENIX, AZ 85017

SBA Loan Lender

FIRST FIDEL. BANK
7401 E CAMELBACK RD
SCOTTSDALE, AZ 85251

This lender issued this particular bank 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

454113 - Mail-Order Houses

Loan Approval Date

4/11/2003

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Angel Investors

Small Business Banks in Scottsdale, Arizona

Arizona SBA 7A Lenders