Compass Bank Gives Small Business Loan to Physicians Company

Would an Arizona business loan help your company expand? If so, you may want to talk with this Alabama bank, which offers SBA loans to Arizona entrepreneurs.

Getting a small business loan in Tucson, Arizona was a top priority for this SBA-financed company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Compass Bank. Here are the details on this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
TUCSON, AZ 85746

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

6/28/2004

Loan Approval Gross Amount

$1,322,400

Loan Approval from the SBA

Of the total $1,322,400 loan amount, the SBA guaranteed $960,062.

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 55 employees. The SBA loan documents indicated that the loan would help retain 55 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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