First National Bank Of Arizona Provides SBA Loan to Buy Eagle Transmission Franchise

Borrowing money to buy an Eagle Transmission franchise? First National Bank Of Arizona has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Eagle Transmission franchise may simply require a phone call to a local SBA banker. In 2007, First National Bank Of Arizona issued an SBA franchise loan to an entrepreneur in Garland, Texas. Because Eagle Transmission was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

EAGLE TRANSMISSION
GARLAND, TX 75042

SBA Loan Lender

FIRST NATIONAL BANK OF ARIZONA
17600 N PERIMETER DR
SCOTTSDALE, AZ 85255

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811113 - Automotive Transmission Repair

Loan Approval Date

9/18/2007

Loan Approval Gross Amount

$229,400

Loan Approval from the SBA

Of the total $229,400 loan amount, the SBA guaranteed $172,050.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Eagle Transmission franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Eagle Transmission, Inc.

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