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April 27, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > West Jordan, Business Loans > Mountain America Fcu West Jordan Business Loans > Cougar Chem Dry Loan | ||||
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Mountain America Fcu Small Business Franchise Loan
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Provo, UT Entrepreneur Gets SBA Loan to Buy Chem-Dry FranchiseNeed money to invest in a Chem-Dry franchise? Mountain America Fcu has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Provo, Utah needed money to invest in a Chem-Dry franchise back in 2003. Mountain America Fcu issued an SBA franchise loan. Here are the details on this Utah small business loan. SBA Loan Borrower COUGAR CHEM DRY SBA Loan Lender MOUNTAIN AMERICA FCU This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 561740 - Carpet and Upholstery Cleaning Services Loan Approval Date 10/15/2003 Loan Approval Gross Amount $9,000 Loan Approval from the SBA Of the total $9,000 loan amount, the SBA guaranteed $4,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Chem-Dry franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Chem-Dry Carpet & Upholstery Cleaning Best West Jordan, Utah Banks for Small Business
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