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April 19, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Gilroy, Business Loans > South Valley National Bank A Divis Gilroy Business Loans > Communication And Energy Wire Manufacturing Loan | ||||
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SBA Lenders California
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Entrepreneur Works With Gilroy, California Bank to Get an SBA LoanThinking about meeting with a Gilroy, California bank about a small business loan? Here's one Arizona business loan, issued by a Gilroy bank, that was approved by the SBA. Applying for an SBA loan with South Valley National Bank A Divis worked out well for our friends at one local firm in Tempe, Arizona. They got an SBA loan for $367,500. Nice! SBA Loan Borrower COMPANY TYPE: COMMUNICATION AND ENERGY WIRE MANUFACTURING SBA Loan Lender SOUTH VALLEY NATIONAL BANK A DIVIS As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 335929 - Communication and Energy Wire Manufacturing Loan Approval Date 7/31/2007 Loan Approval Gross Amount $367,500 Loan Approval from the SBA Of the total $367,500 loan amount, the SBA guaranteed $275,625. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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. Related Links: Best Banks in Gilroy, California
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