Cincinnati, Ohio Bank Gives SBA Loan to Relay And Industrial Control Manufacturing Company

Thinking about meeting with a Cincinnati, Ohio bank about an SBA loan? Here's one Arizona business loan, issued by a Cincinnati bank, that was approved by the SBA.

Applying for an SBA loan with U.S. Bank National Association worked out well for our friends at one local company in Phoenix, Arizona. They received an SBA loan for $321,000. Nice!

SBA Loan Borrower

COMPANY TYPE: RELAY AND INDUSTRIAL CONTROL MANUFACTURING
PHOENIX, AZ 85017

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

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

335314 - Relay and Industrial Control Manufacturing

Loan Approval Date

12/23/2002

Loan Approval Gross Amount

$321,000

Loan Approval from the SBA

Of the total $321,000 loan amount, the SBA guaranteed $240,750.

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 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Phoenix AZ, you ought to talk with a local Phoenix SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Phoenix businesses.

This SBA loan was for $321,000. How would you spend $321,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Business Credit Evaluation

Small Bank Loans in Cincinnati, Ohio

SBA Lenders in Ohio