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April 18, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Los Angeles, Business Loans > Mirae Bank Los Angeles Business Loans > Membership-Based Organization Hotels And Lodging Loan | ||||
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Mirae Bank Business Loans Bullhead City
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Bullhead City, Arizona Business Gets SBA-Guaranteed Funding from Mirae BankMirae Bank has a track record as a leading provider of SBA loans. Find out how this Arizona entrepreneur received an SBA loan from them. This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Mirae Bank, out of Los Angeles, California. The loan was granted and they received $1,360,000 to help grow their Bullhead City, Arizona business. SBA Loan Borrower COMPANY TYPE: MEMBERSHIP-BASED ORGANIZATION HOTELS AND LODGING SBA Loan Lender MIRAE BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7041 - Membership-Based Organization Hotels and Lodging NAICS Code 721110 - Hotels and Motels Loan Approval Date 12/21/2004 Loan Approval Gross Amount $1,360,000 Loan Approval from the SBA Of the total $1,360,000 loan amount, the SBA guaranteed $999,872. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA 7A Lenders in Los Angeles, California Where to Get an SBA Loan California
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