Utah Entrepreneur Secures Financing to Buy Sign-A-Rama Franchise

Borrowing money to buy a Sign-A-Rama franchise? 1st National Bank - Layton has a history of making these loans and they are guaranteed by the SBA.

Sign-A-Rama franchise loans are available to Lindon, Utah entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, 1st National Bank - Layton, based in Layton, Utah, issued an SBA franchise loan for a Sign-A-Rama franchise in 2005. We've got all the details on this Utah small business loan.

SBA Loan Borrower

SIGN-A-RAMA OF UTAH COUNTY
LINDON, UT 84042

SBA Loan Lender

1ST NATIONAL BANK - LAYTON
12 S MAIN ST
LAYTON, UT 84041

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339950 - Sign Manufacturing

Loan Approval Date

9/12/2005

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sign-A-Rama franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from 1st National Bank - Layton so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

SIGN*A*RAMA

How Equity Dilution Works

Where to Get an SBA Loan in Layton, Utah

Utah SBA Banks