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April 19, 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 > Midas Loan | ||||
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Small Business Banks for Phoenix, Arizona Business Owners
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Loan to Buy Midas Muffler Shop Franchise Issued By First National Bank Of ArizonaNeed money to invest in a Midas Muffler Shop franchise? First National Bank Of Arizona has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Phoenix, Arizona needed money to invest in a Midas Muffler Shop franchise back in 2007. First National Bank Of Arizona issued an SBA franchise loan. Here are the details on this Arizona small business loan. SBA Loan Borrower MIDAS 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 811112 - Automotive Exhaust System Repair Loan Approval Date 11/26/2007 Loan Approval Gross Amount $237,300 Loan Approval from the SBA Of the total $237,300 loan amount, the SBA guaranteed $177,975. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Midas Muffler Shop franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This SBA loan was for $237,300. How would you spend $237,300 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Midas International Corporation SBA 7A Lenders in Scottsdale, Arizona
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