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April 20, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Scottsdale, Business Loans > First National Bank Of Arizona Scottsdale Business Loans > Antelope Valley Wingstop Partn Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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California Entrepreneur Secures Financing to Buy Wingstop Restaurant FranchiseBorrowing money to buy a Wingstop Restaurant franchise? First National Bank Of Arizona has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Palmdale, California needed money to invest in a Wingstop Restaurant franchise back in 2005. First National Bank Of Arizona issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower ANTELOPE VALLEY WINGSTOP PARTN 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 722211 - Limited-Service Restaurants Loan Approval Date 4/20/2005 Loan Approval Gross Amount $234,000 Loan Approval from the SBA Of the total $234,000 loan amount, the SBA guaranteed $175,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Wingstop Restaurant franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 12 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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: Role of Business Plan When Raising Money Who Lends Money to Small Businesses in Scottsdale, Arizona Where to Get an SBA Loan Arizona
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