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April 18, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Phoenix, Business Loans > Meridian Bank Phoenix Business Loans > Management Consulting Services Loan | ||||
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Arizona SBA Lenders
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Entrepreneur Works With Phoenix, Arizona Bank to Get an SBA LoanThinking about meeting with a Phoenix, Arizona bank about a small business loan? Here's one Arizona business loan, issued by a Phoenix bank, that was approved by the SBA. Applying for an SBA loan with Meridian Bank worked out well for our friends at one local firm in Phoenix, Arizona. They got an SBA loan for $121,500. Nice! SBA Loan Borrower COMPANY TYPE: MANAGEMENT CONSULTING SERVICES SBA Loan Lender MERIDIAN BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8742 - Management Consulting Services Loan Approval Date 2/18/2000 Loan Approval Gross Amount $121,500 Loan Approval from the SBA Of the total $121,500 loan amount, the SBA guaranteed $91,125. 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 2 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $121,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA Approved Banks in Phoenix, Arizona Getting a Business Loan in Arizona
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