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April 20, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Lake Havasu City, Business Loans > Horizon Community Bank Lake Havasu City Business Loans > Eating Places Loan | ||||
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SBA 7A Banks in Arizona
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Loans for Full-Service RestaurantsWith these loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $515,000 was given to an Arizona entrepreneur in 2005. This small firm knew how to go about getting a business bank loan. Based in Lake Havasu, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Horizon Community Bank, based in Lake Havasu City, Arizona. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender HORIZON COMMUNITY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 10/17/2005 Loan Approval Gross Amount $515,000 Loan Approval from the SBA Of the total $515,000 loan amount, the SBA guaranteed $386,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 16 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We've showcased information on this loan to let you know that businesses like yours 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: Dealing With Venture Capitalists SBA 7A Lenders in Lake Havasu City, Arizona
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