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

Getting a Small Business Loan in Surprise, Arizona

 

 
Loan Census SBA Loan Info

Arizona Small Business Loan Issued to Car Washes Company

Looking to get an Arizona bank loan? This Arizona entrepreneur got a bank loan, provided by an Arizona bank that works with the SBA to help small business owners.

This small business, based in Surprise, Arizona, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Sunrise Bank Of Arizona. We've got the inside scoop on this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
SURPRISE, AZ 85375

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

811192 - Car Washes

Loan Approval Date

7/15/2005

Loan Approval Gross Amount

$1,792,900

Loan Approval from the SBA

Of the total $1,792,900 loan amount, the SBA guaranteed $1,344,675.

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 23 employees. The SBA loan application for the borrower indicated that the loan would help retain 23 existing jobs.

Great, But How Can I Get an SBA Loan for My 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Sunrise Bank Of Arizona had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Sunrise Bank Of Arizona made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Alternative Financing

Best Phoenix, Arizona Banks for Small Business

Getting an SBA Loan in Arizona