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March 29, 2024  
 
 
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SBA Lender Phoenix Arizona

 

 
Loan Census SBA Loan Info

Borrowing Money for Sporting Goods Stores

Looking for loans for sporting goods stores? Try the SBA. This $683,000 sporting goods stores loan was issued by an Arizona bank.

This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Stearns Bank Arizona, out of Scottsdale, Arizona. The loan was granted and they received $683,000 to help grow their Phoenix, Arizona business.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS
PHOENIX, AZ 85037

SBA Loan Lender

STEARNS BANK ARIZONA
9225 E SHEA BLVD
SCOTTSDALE, AZ 85260

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5941 - Sporting Goods Stores and Bicycle Shops

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

2/7/2001

Loan Approval Gross Amount

$683,000

Loan Approval from the SBA

Of the total $683,000 loan amount, the SBA guaranteed $512,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Debt Financing

SBA 7A Banks in Scottsdale, Arizona

Arizona SBA 7A Lenders