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April 19, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Scottsdale, Business Loans > First National Bank Of Arizona Scottsdale Business Loans > Painting And Wall Covering Contractors Loan | ||||
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Scottsdale Bank Loan
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Scottsdale, Arizona Bank Lends Money to Painting And Wall Covering Contractors Company in Fairfax, VirginiaFind Scottsdale, Arizona banks that specialize in business loans and know how to work with entrepreneurs. First National Bank Of Arizona is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Fairfax, Virginia starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from First National Bank Of Arizona. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: PAINTING AND WALL COVERING CONTRACTORS SBA Loan Lender FIRST NATIONAL BANK OF ARIZONA 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 238320 - Painting and Wall Covering Contractors Loan Approval Date 8/29/2007 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. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First National Bank Of Arizona and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Role of Business Plan When Raising Money SBA 7A Lenders in Scottsdale, Arizona Getting a Business Loan in Arizona
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