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May 16, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Ogden, Business Loans > Bank Of Utah Ogden Business Loans > Servpro Of Ogden Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Hooper, UT Entrepreneur Gets SBA Loan to Buy Servpro FranchiseNeed a loan to invest in a Servpro franchise? Bank Of Utah has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Servpro franchise shouldn't be overly burdensome. In 2002, Bank Of Utah issued an SBA franchise loan to an entrepreneur in Hooper, Utah. Because Servpro was registered with the SBA's registry of franchises, this Utah small business loan was issued on an expedited basis. SBA Loan Borrower SERVPRO OF OGDEN SBA Loan Lender BANK OF UTAH The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 561790 - Services to Buildings and Dwellings Loan Approval Date 1/11/2002 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $15,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours 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 Ogden, Utah Getting a Business Loan in Utah
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