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November 21, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Scottsdale, Business Loans > Stearns Bank Arizona Scottsdale Business Loans > Clothing Stores Loan | ||||
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Best Banks That Lend to Scottsdale Business Owners
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Scottsdale, Arizona Entrepreneur Gets a Bank LoanWant an Arizona small business loan? This Arizona entrepreneur got a small business loan, provided by an Arizona bank that works with the SBA to help small business owners. Getting a small business loan in Scottsdale, Arizona was a top priority for this small company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Stearns Bank Arizona. Here are the details on this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: CLOTHING STORES SBA Loan Lender STEARNS BANK ARIZONA 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 448190 - Clothing Stores Loan Approval Date 5/14/2004 Loan Approval Gross Amount $354,000 Loan Approval from the SBA Of the total $354,000 loan amount, the SBA guaranteed $265,500. 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 28 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Family and Friend Investors - Your First Financiers Best Scottsdale, Arizona Banks for Small Business
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