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April 25, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Tucson, Business Loans > Canyon Commun Bank Tucson Business Loans > Specialty Food Stores Loan | ||||
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Arizona Bank SBA Loans
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Tucson, Arizona Bank Lends Money to Specialty Food Stores Company in Tucson, ArizonaGet business loans from a Tucson, Arizona bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. Canyon Commun Bank is a Tucson, Arizona small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Arizona company. SBA Loan Borrower COMPANY TYPE: SPECIALTY FOOD STORES SBA Loan Lender CANYON COMMUN BANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 5/7/2004 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 6 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. 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. Related Links: Where to Get an SBA Loan in Tucson, Arizona
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