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November 14, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Wickenburg, Business Loans > Meridian Bank Wickenburg Business Loans > Arizona Dryject Loan | ||||
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Loans to Buy a Franchise in Arizona
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Loan to Buy Arizona Dryject Franchise Issued By Meridian BankBorrowing money to invest in an Arizona Dryject franchise? Meridian Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy an Arizona Dryject franchise may simply require a phone call to a local SBA banker. In 2004, Meridian Bank issued an SBA franchise loan to an entrepreneur in Mesa, Arizona. Because Arizona Dryject was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis. SBA Loan Borrower ARIZONA DRYJECT SBA Loan Lender MERIDIAN BANK 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 561730 - Landscaping Services Loan Approval Date 5/5/2004 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Arizona Dryject franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 Meridian Bank 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: SBA 7A Banks for Wickenburg, Arizona Loans
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