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April 18, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Tucson, Business Loans > Vantage West Cu Tucson Business Loans > Collins' Ventures, LLC Loan | ||||
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Vail, Arizona Bank Loan
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Arizona Entrepreneur Secures Financing to Buy Dairy Queen FranchiseNeed a loan to buy a Dairy Queen franchise? Vantage West Cu has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Dairy Queen franchise? If so, here's a 2007 SBA franchise loan that you should know about. Vantage West Cu was the lender and the entrepreneur was based in Vail, Arizona. SBA Loan Borrower COLLINS' VENTURES, LLC SBA Loan Lender VANTAGE WEST CU This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 5/1/2007 Loan Approval Gross Amount $195,000 Loan Approval from the SBA Of the total $195,000 loan amount, the SBA guaranteed $97,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dairy Queen franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 10 existing jobs. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source 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 Vantage West Cu 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: Best Tucson, Arizona Banks for Small Business
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