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November 22, 2024  
 
 
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Loan Census SBA Loan Info

Sunrise Bank Of Arizona Gives Bank Loan to Chiropractors Company

SBA loans in Arizona are tough to come by these days. We take a look at one Arizona SBA loan, provided by an Arizona bank, that was approved by the SBA.

Getting a small business loan in Scottsdale, Arizona was a top priority for this particular business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Sunrise Bank Of Arizona. Here are the details on this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
SCOTTSDALE, AZ 85255

SBA Loan Lender

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

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

12/5/2002

Loan Approval Gross Amount

$447,100

Loan Approval from the SBA

Of the total $447,100 loan amount, the SBA guaranteed $335,325.

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 loan application indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Sunrise Bank Of Arizona and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

The Friends and Family Network

Find an SBA Lender in Phoenix, Arizona

Arizona SBA 7A Lenders