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November 23, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Scottsdale, Business Loans > Copper Star Bank Scottsdale Business Loans > Real Estate Agents And Managers Loan | ||||
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I Need a Loan in Scottsdale, Arizona
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SBA Loans for Real Estate Agents and BrokersWith these SBA loans for real estate agents and brokers, the SBA guarantees the lender that the loan will be repaid. This real estate agents and brokers loan for $334,400 was given to an Arizona entrepreneur in 2004. This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Copper Star Bank, out of Scottsdale, Arizona. The loan was granted and they received $334,400 to help grow their Scottsdale, Arizona business. SBA Loan Borrower COMPANY TYPE: REAL ESTATE AGENTS AND MANAGERS SBA Loan Lender COPPER STAR BANK This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 6531 - Real Estate Agents and Managers NAICS Code 531210 - Real Estate Agents and Brokers Loan Approval Date 9/9/2004 Loan Approval Gross Amount $334,400 Loan Approval from the SBA Of the total $334,400 loan amount, the SBA guaranteed $250,800. 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 10 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 Copper Star Bank 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: How Much Venture Capital Is There? Best Scottsdale, Arizona Banks for Small Business SBA Participating Banks in Arizona
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