SBA Loan from Compass Bank Helps Cut Stone And Stone Products Company

Compass Bank has a track record as a leading provider of SBA loans. Find out how this Arizona entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tucson, Arizona was able to borrow $797,000 from Compass Bank. The SBA made the loan possible by guaranteeing $597,750 of this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: CUT STONE AND STONE PRODUCTS
TUCSON, AZ 85710

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3281 - Cut Stone and Stone Products

NAICS Code

327991 - Cut Stone and Stone Product Manufacturing

Loan Approval Date

8/3/2000

Loan Approval Gross Amount

$797,000

Loan Approval from the SBA

Of the total $797,000 loan amount, the SBA guaranteed $597,750.

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 10 employees. The loan application indicated that the loan would help generate 1 new job and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Tucson AZ, you ought to talk with a local Tucson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tucson businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Compass Bank and they will explain how you can get an SBA loan for your company.

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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