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May 2, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Los Angeles, Business Loans > Center Bank Los Angeles Business Loans > Nondurable Goods Loan | ||||
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Who Can Get a Business Loan in Phoenix, Arizona?
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Getting an SBA Loan for Nondurable Goods Merchant WholesalersLooking for commercial loans for nondurable goods merchant wholesalers? Talk to a banker who works with the SBA. This $200,000 nondurable goods merchant wholesalers loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in Phoenix, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Center Bank, based in Los Angeles, California. SBA Loan Borrower COMPANY TYPE: NONDURABLE GOODS SBA Loan Lender CENTER BANK This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5199 - Nondurable Goods NAICS Code 424990 - Nondurable Goods Merchant Wholesalers Loan Approval Date 11/7/2003 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 11 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $200,000. How would you spend $200,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Small Bank Loans in Los Angeles, California
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