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| Entrepreneur Resources | First National Bank Of Arizona Scottsdale Business Loans | ||||
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First National Bank Of Arizona Small Business Loans Miami, FL
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First National Bank Of Arizona SBA Loan to Choice Mortgage Group IncFirst National Bank Of Arizona and the SBA work together to get business loans for growing small businesses. Here's an example of how a Florida entrepreneur was able to get a loan to take a small business to the next level.
Getting a small business loan in Miami, Florida was an essential business goal for Choice Mortgage Group Inc back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First National Bank Of Arizona, operating out of Scottsdale, Arizona. Here are the details on this Florida small business loan. SBA Loan Borrower CHOICE MORTGAGE GROUP INC SBA Loan Lender FIRST NATIONAL BANK OF ARIZONA 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 541191 - Title Abstract and Settlement Offices Loan Approval Date 6/18/2007 Loan Approval Gross Amount $586,400 Loan Approval from the SBA Of the total $586,400 loan amount, the SBA guaranteed $439,800. More Information on This SBA Loan The borrower, Choice Mortgage Group Inc, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. If Choice Mortgage Group Inc can get an SBA loan, there's no reason you can't 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 SBA loan database. Related Links: SBA 7A Banks in Scottsdale, Arizona Getting an SBA Loan in Arizona If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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