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December 22, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Scottsdale, Business Loans > First National Bank Of Arizona Scottsdale Business Loans > Precision Turned Product Manufacturing Loan | ||||
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How to Get SBA Money in Tempe, Arizona
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First National Bank Of Arizona Gives Business Loan to Precision Turned Product Manufacturing CompanyLooking to get an Arizona business loan? This Arizona entrepreneur got a business loan, provided by an Arizona bank that works with the SBA to help small business owners. This business, based in Tempe, 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 First National Bank Of Arizona. We've got the inside scoop on this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: PRECISION TURNED PRODUCT MANUFACTURING SBA Loan Lender FIRST NATIONAL BANK OF ARIZONA 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 332721 - Precision Turned Product Manufacturing Loan Approval Date 3/7/2001 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. 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 4 employees. The loan application indicated that the loan would help retain 4 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First National Bank Of Arizona are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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 Scottsdale, Arizona
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