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December 19, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Fayetteville, Business Loans > Arvest Bank Fayetteville Business Loans > Mazzio's Loan | ||||
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Good Sources for Springdale SBA Loans
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Springdale, AR Entrepreneur Gets SBA Loan to Buy Mazzio's Pizza FranchiseNeed a loan to invest in a Mazzio's Pizza franchise? Arvest Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Springdale, Arkansas needed money to invest in a Mazzio's Pizza franchise back in 2003. Arvest Bank issued an SBA franchise loan. Here are the details on this Arkansas small business loan. SBA Loan Borrower MAZZIO'S SBA Loan Lender ARVEST BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 5/19/2003 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mazzio's Pizza franchise. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. 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: Where to Get an SBA Loan in Fayetteville, Arkansas
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