Utah Entrepreneur Secures Financing to Buy Roto Rooter Franchise

Need money to buy a Roto Rooter franchise? Cache Valley Bank has a history of making these loans and they are guaranteed by the SBA.

Roto Rooter franchise loans are available to Logan, Utah entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cache Valley Bank, based in Logan, Utah, issued an SBA franchise loan for a Roto Rooter franchise in 2001. We've got all the details on this Utah small business loan.

SBA Loan Borrower

ROTO ROOTER OF LOGAN
LOGAN, UT 84321

SBA Loan Lender

CACHE VALLEY BANK
101 N MAIN ST
LOGAN, UT 84321

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7699 - Repair Shops and Related Services

NAICS Code

562998 - Waste Management Services

Loan Approval Date

4/30/2001

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Roto Rooter franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new 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 Cache Valley 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.

Related Links:

Roto-Rooter Corporation

Accountant's Role in Securing Financing

SBA 7A Lenders in Logan, Utah

Utah SBA 7A Lenders