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May 5, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > West Valley City, Business Loans > Zions First National Bank West Valley City Business Loans > Big Dawn Investments, LLC Dba Loan | ||||
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How Much Does It Cost to Buy a Franchise in Draper, Utah?
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Zions First National Bank Provides SBA Loan to Buy Mrs. Field's Cookies FranchiseBorrowing money to invest in a Mrs. Field's Cookies franchise? Zions First National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Draper, Utah needed money to invest in a Mrs. Field's Cookies franchise back in 2004. Zions First National Bank issued an SBA franchise loan. Here are the details on this Utah small business loan. SBA Loan Borrower BIG DAWN INVESTMENTS, LLC DBA SBA Loan Lender ZIONS FIRST NATIONAL BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311811 - Retail Bakeries Loan Approval Date 10/29/2004 Loan Approval Gross Amount $130,500 Loan Approval from the SBA Of the total $130,500 loan amount, the SBA guaranteed $110,925. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mrs. Field's Cookies franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $130,500 loan. Remember, where there is a will, there is a way! 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: Mrs. Fields Original Cookies, Inc. Accountant's Role in Securing Financing SBA 7A Banks for West Valley City, Utah Loans
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