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November 21, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Provo, Business Loans > Americanwest Bank Provo Business Loans > Zerorez Loan | ||||
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Americanwest Bank SBA Franchise Loans
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Americanwest Bank Provides SBA Loan to Buy Zero's FranchiseNeed a loan to purchase a Zero's franchise? Americanwest Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Zero's franchise? If so, here's a 2004 SBA franchise loan that you should know about. Americanwest Bank was the lender and the entrepreneur was based in Mesa, Arizona. SBA Loan Borrower ZEROREZ SBA Loan Lender AMERICANWEST 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 561740 - Carpet and Upholstery Cleaning Services Loan Approval Date 2/2/2004 Loan Approval Gross Amount $135,000 Loan Approval from the SBA Of the total $135,000 loan amount, the SBA guaranteed $114,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Zero's franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Small Business Banks in Provo, Utah
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