 |
 |
April 19, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Arizona Business Loan Sources > Phoenix, Business Loans > Cobiz Bank Phoenix Business Loans > Hardware Merchant Wholesalers Loan | ||||
 |
||||
Requirements for Business Owners On Getting a Loan
|
||||
 |
Financing for Hardware Merchant WholesalersLooking for commercial loans for hardware merchant wholesalers? The SBA may be the answer. This $200,000 hardware merchant wholesalers loan was issued by an Arizona bank. This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Cobiz Bank, out of Phoenix, Arizona. The loan was granted and they received $200,000 to help grow their Mesa, Arizona business. SBA Loan Borrower COMPANY TYPE: HARDWARE MERCHANT WHOLESALERS SBA Loan Lender COBIZ BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423710 - Hardware Merchant Wholesalers Loan Approval Date 11/16/2004 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? 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. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Cobiz Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Microlending as a Small Business Funding Source
|
|
||
|
||||
|
|
||||