Mesa, AZ Entrepreneur Gets SBA Loan to Buy Remax Franchise

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

Remax franchise loans are available to Mesa, Arizona entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First National Bank Of Arizona, based in Scottsdale, Arizona, issued an SBA franchise loan for a Remax franchise in 2000. We've got all the details on this Arizona small business loan.

SBA Loan Borrower

RE/MAX GATEWAY RED MOUNTAIN
MESA, AZ 86205

SBA Loan Lender

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

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6531 - Real Estate Agents and Managers

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

10/30/2000

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $48,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Remax franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Remax

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Small Bank Loans in Scottsdale, Arizona

Arizona SBA Banks