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May 2, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Birmingham, Business Loans > Compass Bank Birmingham Business Loans > Printing Machinery And Equipment Manufacturing Loan | ||||
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Phoenix, Arizona Bank Loan
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Getting an SBA Loan for Printing Machinery and Equipment ManufacturingLooking for commercial loans for printing machinery and equipment manufacturing? An SBA loan may be just what you've been looking for. This $620,000 printing machinery and equipment manufacturing loan was issued by an Alabama bank. Getting a small business loan in Phoenix, Arizona was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Compass Bank, operating out of Birmingham, Alabama. Here are the details on this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: PRINTING MACHINERY AND EQUIPMENT MANUFACTURING SBA Loan Lender COMPASS BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333293 - Printing Machinery and Equipment Manufacturing Loan Approval Date 5/23/2002 Loan Approval Gross Amount $620,000 Loan Approval from the SBA Of the total $620,000 loan amount, the SBA guaranteed $465,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 53 employees. This SBA loan request indicated that the loan would help generate 15 new jobs and retain 53 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Compass Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Obtaining Funding - Getting Venture Capital SBA Banks in Birmingham, Alabama
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