Loan Census Banking News and Information
April 25, 2024  
 
 
  Business Loan Information  
 

SBA Lender Tempe Arizona

 

 
Loan Census SBA Loan Info

Chiropractors SBA Loans

With these SBA loans for chiropractors, the SBA guarantees the lender that the loan will be repaid. This chiropractors loan for $28,000 was given to an Arizona entrepreneur in 2002.

This business knew how to go about getting a business bank loan. Based in Tempe, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Union Bank, based in Gilbert, Arizona.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
TEMPE, AZ 85282

SBA Loan Lender

UNION BANK
3631 E BASELINE RD
GILBERT, AZ 85234

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

4/4/2002

Loan Approval Gross Amount

$28,000

Loan Approval from the SBA

Of the total $28,000 loan amount, the SBA guaranteed $23,800.

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 only one employee. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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.

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