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April 28, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Phoenix, Business Loans > Wells Fargo Bank Phoenix Business Loans > Art Dealers Loan | ||||
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Business Loans for Scottsdale Entrepreneurs
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Art Dealers Business LoansWith these business loans for art dealers, the SBA guarantees the lender that the loan will be repaid. This art dealers loan for $785,000 was given to an Arizona entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Scottsdale, Arizona was able to borrow $785,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $588,750 of this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: ART DEALERS SBA Loan Lender WELLS FARGO BANK 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 453920 - Art Dealers Loan Approval Date 9/4/2003 Loan Approval Gross Amount $785,000 Loan Approval from the SBA Of the total $785,000 loan amount, the SBA guaranteed $588,750. 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 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. 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: SBA Approved Banks in Phoenix, Arizona
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