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May 4, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Santa Rosa, Business Loans > Sterling Savings Bank Santa Rosa Business Loans > Specialty Trade Contractors Loan | ||||
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Sterling Savings Bank
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Chandler, Arizona Business Gets SBA-Guaranteed Funding from Sterling Savings BankSterling Savings 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 growing company knew how to go about getting a business bank loan. Based in Chandler, Arizona, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Sterling Savings Bank, based in Santa Rosa, California. SBA Loan Borrower COMPANY TYPE: SPECIALTY TRADE CONTRACTORS SBA Loan Lender STERLING SAVINGS BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238990 - Specialty Trade Contractors Loan Approval Date 2/23/2004 Loan Approval Gross Amount $517,000 Loan Approval from the SBA Of the total $517,000 loan amount, the SBA guaranteed $387,750. 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 45 employees. The SBA loan application for the borrower indicated that the loan would help generate 20 new jobs and retain 45 existing jobs. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This SBA loan was for $517,000. How would you spend $517,000 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 Banks for Santa Rosa, California Loans Where to Get an SBA Loan California
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