Loan Census Banking News and Information
April 28, 2024  
 
 
  Business Loan Information  
 

How Hard Is It to Get a Small Business Loan in Phoenix, Arizona?

 

 
Loan Census SBA Loan Info

Where to Get Capital for Architectural Services

With these SBA loans for architectural services, the SBA guarantees the lender that the loan will be repaid. This architectural services loan for $361,300 was given to an Arizona entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Phoenix, Arizona was able to borrow $361,300 from Sunrise Bank Of Arizona. The SBA made the loan possible by guaranteeing $270,975 of this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: ARCHITECTURAL SERVICES
PHOENIX, AZ 85014

SBA Loan Lender

SUNRISE BANK OF ARIZONA
4350 E CAMELBACK RD, STE 100
PHOENIX, AZ 85018

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

541310 - Architectural Services

Loan Approval Date

9/16/2003

Loan Approval Gross Amount

$361,300

Loan Approval from the SBA

Of the total $361,300 loan amount, the SBA guaranteed $270,975.

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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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:

Accountant's Role in Securing Financing

Find an SBA Lender in Phoenix, Arizona

Browse All Business Loan Sources for Arizona