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November 14, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Washington, Business Loans > Loans From Old Closed Lenders Washington Business Loans > Single-Family Housing Construction Loan | ||||
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Arizona Small Business Funding
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Getting an SBA Loan for Single Family Housing ConstructionLooking for SBA loans for single family housing construction? The SBA may be the answer. This $775,000 single family housing construction loan was issued by a District of Columbia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tempe, Arizona was able to borrow $775,000 from Loans From Old Closed Lenders. The SBA made the loan possible by guaranteeing $581,250 of this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: SINGLE-FAMILY HOUSING CONSTRUCTION SBA Loan Lender LOANS FROM OLD CLOSED LENDERS As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1521 - Single-Family Housing Construction NAICS Code 233210 - Single Family Housing Construction Loan Approval Date 3/30/2000 Loan Approval Gross Amount $775,000 Loan Approval from the SBA Of the total $775,000 loan amount, the SBA guaranteed $581,250. 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 15 employees. The SBA loan documents indicated that the loan would help retain 15 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Loans From Old Closed Lenders had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Loans From Old Closed Lenders 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: Realistic Debt Financing Options SBA Approved Banks in Washington, District of Columbia SBA Lenders in District of Columbia
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