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November 24, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Scottsdale, Business Loans > First National Bank Of Arizona Scottsdale Business Loans > Gmac Real Estate Loan | ||||
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Houston, Texas Bank Loan
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Texas Entrepreneur Secures Financing to Buy Gmac Real Estate FranchiseNeed money to invest in a Gmac Real Estate franchise? First National Bank Of Arizona has a history of making these loans and they are guaranteed by the SBA. If you live near Houston, Texas and are interested in buying a Gmac Real Estate franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by First National Bank Of Arizona. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower GMAC REAL ESTATE SBA Loan Lender FIRST NATIONAL BANK OF ARIZONA This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 531210 - Real Estate Agents and Brokers Loan Approval Date 5/13/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Gmac Real Estate franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank Of Arizona that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: The Friends and Family Network Who Lends Money to Small Businesses in Scottsdale, Arizona Getting an SBA Loan in Arizona
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