Loan to Buy Fast Frame Franchise Issued By Desert Hills Bank

Need a loan to buy a Fast Frame franchise? Desert Hills Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Fast Frame franchise shouldn't be too tough. In 2003, Desert Hills Bank issued an SBA franchise loan to an entrepreneur in Phoenix, Arizona. Because Fast Frame was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis.

SBA Loan Borrower

FASTFRAME
PHOENIX, AZ 85016

SBA Loan Lender

DESERT HILLS BANK
3001 E CAMELBACK RD
PHOENIX, AZ 85016

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

453998 - Store Retailers

Loan Approval Date

3/4/2003

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 an existing business. This loan was used to buy a Fast Frame franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Phoenix AZ, you ought to talk with a local Phoenix SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Phoenix businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Desert Hills Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

FASTFRAME USA INC.

Getting a Small Business Loan

SBA Participating Banks in Phoenix, Arizona

SBA Arizona Banks