Arizona Entrepreneur Secures Financing to Buy Re/max Realty Franchise

Need money to buy a Re/max Realty franchise? Sterling Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Re/max Realty franchise? If so, here's a 2006 SBA franchise loan that you should know about. Sterling Savings Bank was the lender and the entrepreneur was based in Mesa, Arizona.

SBA Loan Borrower

PIERPONT PROPERTIES LLC
MESA, AZ 85206

SBA Loan Lender

STERLING SAVINGS BANK
801 FOURTH ST
SANTA ROSA, CA 95404

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

11/16/2006

Loan Approval Gross Amount

$1,202,000

Loan Approval from the SBA

Of the total $1,202,000 loan amount, the SBA guaranteed $901,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Re/max Realty franchise. At the time of the loan, the company had 28 employees. The loan application indicated that the loan would help retain 28 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Sterling Savings Bank 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:

RE/MAX International

Small Business Loan

SBA 7A Banks for Santa Rosa, California Loans

Getting an SBA Loan in California