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November 21, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Professional Organizations Loan | ||||
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I Need an SBA Loan in Phoenix, Arizona
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Professional Organizations Commercial LoansWith these commercial loans for professional organizations, the SBA guarantees the lender that the loan will be repaid. This professional organizations loan for $50,000 was given to an Arizona entrepreneur in 2007. This business knew how to go about getting a business bank loan. Based in Phoenix, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Washington Mutual Bank, based in Henderson, Nevada. SBA Loan Borrower COMPANY TYPE: PROFESSIONAL ORGANIZATIONS SBA Loan Lender WASHINGTON MUTUAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 813920 - Professional Organizations Loan Approval Date 1/4/2007 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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 10 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 10 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? 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: Dealing With Venture Capitalists Where to Get an SBA Loan in Henderson, Nevada SBA Participating Banks in Nevada
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