Tempe, Arizona Entrepreneur Gets an SBA Loan
Business loans in Arizona are tough to come by these days. We take a look at one Arizona business loan, provided by an Arizona bank, that was approved by the SBA.
Getting a small business loan in Tempe, Arizona was a top priority for this SBA-financed company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from First National Bank Of Arizona. Here are the details on this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, AND AUDIOLOGISTS
TEMPE, AZ 85282
SBA Loan Lender
FIRST NATIONAL BANK OF ARIZONA
17600 N PERIMETER DR
SCOTTSDALE, AZ 85255
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
621340 - Physical, Occupational and Speech Therapists, and Audiologists
Loan Approval Date
8/22/2003
Loan Approval Gross Amount
$60,000
Loan Approval from the SBA
Of the total $60,000 loan amount, the SBA guaranteed $30,000.
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 2 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
If you need money to start business in Tempe AZ, you ought to talk with a local Tempe SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tempe businesses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank Of Arizona that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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.
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