Meridian Bank Gives Business Loan to Motor Vehicle Towing Company
Looking to get an Arizona SBA loan? This Arizona entrepreneur got an SBA loan, provided by an Arizona bank that works with the SBA to help small business owners.
Getting a small business loan in Wickenburg, Arizona was a top priority for this particular business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Meridian Bank. Here are the details on this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: MOTOR VEHICLE TOWING
WICKENBURG, AZ 85390
SBA Loan Lender
MERIDIAN BANK
2001 W WICKENBURG WAY
WICKENBURG, AZ 85390
This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
488410 - Motor Vehicle Towing
Loan Approval Date
6/12/2003
Loan Approval Gross Amount
$143,700
Loan Approval from the SBA
Of the total $143,700 loan amount, the SBA guaranteed $122,145.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 4 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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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