Texas Business Loan Issued to Bare Printed Circuit Board Manufacturing Company
Would a Texas business loan help your company expand? If so, you may want to talk with this Arizona bank, which offers SBA loans to Texas entrepreneurs.
Getting a small business loan in Grand Prairie, Texas was a top priority for this SBA-financed company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First National Bank Of Arizona. Here are the details on this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: BARE PRINTED CIRCUIT BOARD MANUFACTURING
GRAND PRAIRIE, TX 75050
SBA Loan Lender
FIRST NATIONAL BANK OF ARIZONA
17600 N PERIMETER DR
SCOTTSDALE, AZ 85255
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.
334412 - Bare Printed Circuit Board Manufacturing
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $610,000 loan amount, the SBA guaranteed $457,500.
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 20 employees. The SBA loan documents indicated that the loan would help retain 20 existing jobs.
Getting an SBA Loan For Your Business
If you are raising money in Grand Prairie TX, you ought to talk with a local Grand Prairie SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Grand Prairie businesses.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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.
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