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May 3, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Watertown, Business Loans > Great Western Bank Watertown Business Loans > Aircraft Engine And Engine Parts Manufacturing Loan | ||||
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Great Western Bank
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Great Western Bank SBA Loan to Aircraft Engine And Engine Parts Manufacturing CompanyGreat Western Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Arizona entrepreneur who tapped into the power of SBA loans. This business knew how to go about getting a business bank loan. Based in Casa Grande, Arizona, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Great Western Bank, based in Watertown, South Dakota. SBA Loan Borrower COMPANY TYPE: AIRCRAFT ENGINE AND ENGINE PARTS MANUFACTURING SBA Loan Lender GREAT WESTERN 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 336412 - Aircraft Engine and Engine Parts Manufacturing Loan Approval Date 7/11/2007 Loan Approval Gross Amount $616,500 Loan Approval from the SBA Of the total $616,500 loan amount, the SBA guaranteed $462,375. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 10 existing jobs. Start the Process for Getting an SBA Loan Today! If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $616,500 loan. Remember, things become real when you believe you can achieve them! 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: Microlending as a Small Business Funding Source SBA 7A Banks in Watertown, South Dakota
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