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April 27, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Henderson, Business Loans > Silver State Bank Henderson Business Loans > Tobacco And Tobacco Product Merchant Wholesalers Loan | ||||
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How to Get SBA Money in Glendale, Arizona
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Arizona SBA Loan Issued to Tobacco And Tobacco Product Merchant Wholesalers CompanyWant an Arizona SBA loan? This Arizona entrepreneur got an SBA loan, provided by a Nevada bank that works with the SBA to help small business owners. This company, based in Glendale, Arizona, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Silver State Bank. We've got the inside scoop on this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: TOBACCO AND TOBACCO PRODUCT MERCHANT WHOLESALERS SBA Loan Lender SILVER STATE BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424940 - Tobacco and Tobacco Product Merchant Wholesalers Loan Approval Date 1/5/2007 Loan Approval Gross Amount $306,900 Loan Approval from the SBA Of the total $306,900 loan amount, the SBA guaranteed $230,175. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 14 employees. The SBA loan documents indicated that the borrowed money would help generate 5 new jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Silver State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Silver State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Small Bank Loans in Henderson, Nevada
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