Cobiz Bank Provides SBA Loan to Buy A Step In Time Franchise
Need a loan to buy an A Step In Time franchise? Cobiz Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Scottsdale, Arizona needed money to invest in an A Step In Time franchise back in 2007. Cobiz Bank issued an SBA franchise loan. Here are the details on this Arizona small business loan.
SBA Loan Borrower
FRED ASTAIRE DANCE STUDIO
SCOTTSDALE, AZ 85255
SBA Loan Lender
COBIZ BANK
2700 N CENTRAL AVE, STE 110
PHOENIX, AZ 85004
This lender provides SBA small 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
611610 - Fine Arts Schools
Loan Approval Date
5/23/2007
Loan Approval Gross Amount
$300,000
Loan Approval from the SBA
Of the total $300,000 loan amount, the SBA guaranteed $225,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy an A Step In Time franchise. At the time of the loan, the company
had 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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.
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