Financing for Plumbing, Heating, and Air Conditioning Contractors

With these commercial loans for plumbing, heating, and air conditioning contractors, the SBA guarantees the lender that the loan will be repaid. This plumbing, heating, and air conditioning contractors loan for $194,800 was given to a New Mexico entrepreneur in 2002.

This small business knew how to go about getting a business bank loan. Based in Rio Rancho, New Mexico, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Sunrise Bank Of Arizona, based in Phoenix, Arizona.

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR CONDITIONING CONTRACTORS
RIO RANCHO, NM 87124

SBA Loan Lender

SUNRISE BANK OF ARIZONA
4350 E CAMELBACK RD, STE 100
PHOENIX, AZ 85018

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

235110 - Plumbing, Heating, and Air Conditioning Contractors

Loan Approval Date

9/27/2002

Loan Approval Gross Amount

$194,800

Loan Approval from the SBA

Of the total $194,800 loan amount, the SBA guaranteed $146,100.

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. This SBA loan request indicated that the loan would help retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Rio Rancho NM, you ought to talk with a local Rio Rancho SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rio Rancho businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Sunrise Bank Of Arizona that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Small Business Credit Cards

Small Business Banks in Phoenix, Arizona

Where to Get an SBA Loan Arizona