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April 29, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Scottsdale, Business Loans > First National Bank Of Arizona Scottsdale Business Loans > Eating Places Loan | ||||
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SBA Lender Scottsdale, Arizona
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Scottsdale, Arizona Lender Lends Money to Eating Places CompanyThinking about meeting with a Scottsdale, Arizona bank about an SBA loan? Here's one Arizona business loan, issued by a Scottsdale bank, that was approved by the SBA. Applying for an SBA loan with First National Bank Of Arizona worked out well for our friends at one local firm in Apache Junction, Arizona. The business was able to get an SBA loan for $62,700. Sweet! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender FIRST NATIONAL BANK OF ARIZONA This lender issued this particular debt financing 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. SIC Code 5812 - Eating Places Loan Approval Date 4/26/2000 Loan Approval Gross Amount $62,700 Loan Approval from the SBA Of the total $62,700 loan amount, the SBA guaranteed $50,160. 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 8 employees. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $62,700. How would you spend $62,700 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: SBA 7A Lenders in Scottsdale, Arizona Getting a Business Loan in Arizona
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