Arizona Entrepreneur Secures Financing to Buy Homes & Land magazine Franchise

Borrowing money to buy a Homes & Land magazine franchise? Stearns Bank Arizona has a history of making these loans and they are guaranteed by the SBA.

Homes & Land magazine franchise loans are available to Scottsdale, Arizona entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Stearns Bank Arizona, based in Scottsdale, Arizona, issued an SBA franchise loan for a Homes & Land magazine franchise in 2003. We've got all the details on this Arizona small business loan.

SBA Loan Borrower

HOMES & LAND MAGAZINE OF SCOTT
SCOTTSDALE, AZ 85260

SBA Loan Lender

STEARNS BANK ARIZONA
9225 E SHEA BLVD
SCOTTSDALE, AZ 85260

This lender provides SBA loan for small businesses 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

511120 - Periodical Publishers

Loan Approval Date

10/24/2003

Loan Approval Gross Amount

$995,000

Loan Approval from the SBA

Of the total $995,000 loan amount, the SBA guaranteed $746,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Homes & Land magazine franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the loan would help retain 8 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Stearns Bank Arizona and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Homes & Land Publishing, Ltd.

Banking Deregulation's Effects on Entrepreneurship

Where to Get an SBA Loan in Scottsdale, Arizona

SBA Participating Banks in Arizona