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March 29, 2024  
 
 
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Phoenix, Arizona SBA Lenders

 

 
Loan Census SBA Loan Info

Phoenix, Arizona Bank Lends Money to Personal Services Company in Chandler, Arizona

Want to talk with a Phoenix, Arizona bank about an SBA loan? Here's one Arizona business loan, issued by a Phoenix bank, that was approved by the SBA.

Applying for an SBA loan with Sunrise Bank Of Arizona worked out well for our friends at one local company in Chandler, Arizona. The business was able to get an SBA loan for $1,044,700. Great job!

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
CHANDLER, AZ 85248

SBA Loan Lender

SUNRISE BANK OF ARIZONA
4350 E CAMELBACK RD, STE 100
PHOENIX, AZ 85018

This loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA promises a rapid loan approval or denial response.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7299 - Personal Services

NAICS Code

812990 - Personal Services

Loan Approval Date

6/17/2003

Loan Approval Gross Amount

$1,044,700

Loan Approval from the SBA

Of the total $1,044,700 loan amount, the SBA guaranteed $783,525.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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.

While you may be able to find business people willing to loan money, 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:

Equity Financing

Who Lends Money to Small Businesses in Phoenix, Arizona

Arizona SBA Bank Lenders