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May 2, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Water, Sewer, And Utility Lines Loan | ||||
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Ohio Bank SBA Loans
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U.S. Bank National Association SBA Loan to Water, Sewer, And Utility Lines CompanyLooking to get an Arizona small business loan? Here's one Arizona business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Avondale, Arizona was able to borrow $914,000 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $685,500 of this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: WATER, SEWER, AND UTILITY LINES SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION 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. SIC Code 1623 - Water, Sewer, and Utility Lines Loan Approval Date 8/4/2000 Loan Approval Gross Amount $914,000 Loan Approval from the SBA Of the total $914,000 loan amount, the SBA guaranteed $685,500. 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 100 employees. The SBA loan documents indicated that the loan would help generate 25 new jobs and retain 75 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to find other ways to get money to start a business, 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: Obtaining Funding From a Venture Capitalist SBA Participating Banks in Ohio
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