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April 20, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Glendale, Business Loans > Meridian Bank Glendale Business Loans > Moto Photo Loan | ||||
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Meridian Bank SBA Franchise Loans
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Borrow Money to Buy a Moto Photo FranchiseNeed a loan to buy a Moto Photo franchise? Meridian Bank has a history of making these loans and they are guaranteed by the SBA. Moto Photo franchise loans are available to Peoria, Arizona entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Meridian Bank, based in Glendale, Arizona, issued an SBA franchise loan for a Moto Photo franchise in 2003. We've got all the details on this Arizona small business loan. SBA Loan Borrower MOTO PHOTO SBA Loan Lender MERIDIAN BANK This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541921 - Photography Studios, Portrait Loan Approval Date 6/23/2003 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Moto Photo franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Realistic Debt Financing Options Best Banks in Glendale, Arizona
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