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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Phoenix, Business Loans > Alliance Bank Of Arizona Phoenix Business Loans > Grocery And Related Products Merchant Wholesalers Loan | ||||
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SBA 7A Banks in California
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Small Business Loans for Grocery and Related Products Merchant WholesalersLooking for small business loans for grocery and related products merchant wholesalers? An SBA loan may be just what you've been looking for. This $411,000 grocery and related products merchant wholesalers loan was issued by an Arizona bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Del Mar, California was able to borrow $411,000 from Alliance Bank Of Arizona. The SBA made the loan possible by guaranteeing $308,250 of this California small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY AND RELATED PRODUCTS MERCHANT WHOLESALERS SBA Loan Lender ALLIANCE BANK OF ARIZONA 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 424490 - Grocery and Related Products Merchant Wholesalers Loan Approval Date 4/10/2006 Loan Approval Gross Amount $411,000 Loan Approval from the SBA Of the total $411,000 loan amount, the SBA guaranteed $308,250. 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 30 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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. Related Links: Best Banks in Phoenix, Arizona Getting an SBA Loan in Arizona
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