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May 5, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Phoenix, Business Loans > Cobiz Bank Phoenix Business Loans > Structural Steel And Precast Concrete Contractors Loan | ||||
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Advice for Business Owners On Getting a Loan
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Getting an SBA Loan for Structural Steel and Precast Concrete ContractorsWith these commercial loans for structural steel and precast concrete contractors, the SBA guarantees the lender that the loan will be repaid. This structural steel and precast concrete contractors loan for $1,646,000 was given to an Arizona entrepreneur in 2006. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tempe, Arizona was able to borrow $1,646,000 from Cobiz Bank. The SBA made the loan possible by guaranteeing $1,234,500 of this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: STRUCTURAL STEEL AND PRECAST CONCRETE CONTRACTORS SBA Loan Lender COBIZ BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238120 - Structural Steel and Precast Concrete Contractors Loan Approval Date 7/20/2006 Loan Approval Gross Amount $1,646,000 Loan Approval from the SBA Of the total $1,646,000 loan amount, the SBA guaranteed $1,234,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 14 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 14 existing jobs. Great, But How Can I Get an SBA Loan for My Business? 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. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Cobiz Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 for Small Business in Phoenix, Arizona
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