Choice Bank Gives SBA Loan to Tobacco And Tobacco Product Merchant Wholesalers Company

Would an Arizona business loan help your company expand? If so, you may want to talk with this Arizona bank, which offers SBA loans to Arizona entrepreneurs.

By giving the right information to Choice Bank, this Phoenix, Arizona business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

COMPANY TYPE: TOBACCO AND TOBACCO PRODUCT MERCHANT WHOLESALERS
Phoenix, AZ 85050

SBA Loan Lender

CHOICE BANK
15190 N HAYDEN RD
SCOTTSDALE, AZ 85260

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

424940 - Tobacco and Tobacco Product Merchant Wholesalers

Loan Approval Date

9/18/2007

Loan Approval Gross Amount

$546,200

Loan Approval from the SBA

Of the total $546,200 loan amount, the SBA guaranteed $409,650.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $546,200 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

VC Firms on Twitter

Good Banks for Small Business in Scottsdale, Arizona

SBA Participating Banks in Arizona