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April 24, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Scottsdale, Business Loans > First National Bank Of Arizona Scottsdale Business Loans > Arizona Ave Tires LLC Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Chandler, AZ Entrepreneur Gets SBA Loan to Buy Big O Tires dealers FranchiseNeed a loan to invest in a Big O Tires dealers franchise? First National Bank Of Arizona has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Big O Tires dealers franchise? If so, here's a 2006 SBA franchise loan that you should know about. First National Bank Of Arizona was the lender and the entrepreneur was based in Chandler, Arizona. SBA Loan Borrower ARIZONA AVE TIRES LLC SBA Loan Lender FIRST NATIONAL BANK OF ARIZONA As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 10/10/2006 Loan Approval Gross Amount $619,500 Loan Approval from the SBA Of the total $619,500 loan amount, the SBA guaranteed $464,625. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Big O Tires dealers franchise. At the time of the loan, the company had 14 employees. This SBA loan request indicated that the loan would help retain 11 existing jobs. Next Steps for Getting an SBA Loan If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money 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 First National Bank Of Arizona 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: The Friends and Family Network SBA 7A Lenders in Scottsdale, Arizona
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