Borrow Money to Buy a Burger Den Franchise

Borrowing money to buy a Burger Den franchise? Zions First National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Burger Den franchise may simply require a phone call to a local SBA banker. In 2004, Zions First National Bank issued an SBA franchise loan to an entrepreneur in Eagle, Idaho. Because Burger Den was registered with the SBA's registry of franchises, this Idaho small business loan was issued on an expedited basis.

SBA Loan Borrower

DOUG J. CORTA DBA DOUG'S BURGE
EAGLE, ID 83616

SBA Loan Lender

ZIONS FIRST NATIONAL BANK
2460 SOUTH 3270 WEST, SBA DEP
WEST VALLEY CITY, UT 84119

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/4/2004

Loan Approval Gross Amount

$377,300

Loan Approval from the SBA

Of the total $377,300 loan amount, the SBA guaranteed $282,975.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Burger Den franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Zions First National Bank and they will explain how you can get an SBA loan for your company.

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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