Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

SBA Lenders That Lend to Scottsdale Small Business Owners

 

 
Loan Census SBA Loan Info

Arizona Small Business Loan Issued to Sign Manufacturing Company

Would an Arizona bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Arizona bank, which offers SBA loans to Arizona entrepreneurs.

Getting a small business loan in Scottsdale, Arizona was a top priority for this loan applicant back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Great Western Bank. Here are the details on this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: SIGN MANUFACTURING
SCOTTSDALE, AZ 85257

SBA Loan Lender

GREAT WESTERN BANK
1300 E FLORENCE BLVD
CASA GRANDE, AZ 85222

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339950 - Sign Manufacturing

Loan Approval Date

11/3/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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.

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 $150,000 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:

Role of Business Plan When Raising Money

Find an SBA Lender in Casa Grande, Arizona

Browse All Business Loan Sources for Arizona