 |
 |
April 28, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Utah Business Loan Sources > West Valley City, Business Loans > Zions First National Bank West Valley City Business Loans > Sdi Loan | ||||
 |
||||
Business Loans for Provo Entrepreneurs
|
||||
 |
Loan to Buy Sonic Drive-In Franchise Issued By Zions First National BankBorrowing money to invest in a Sonic Drive-In franchise? Zions First National Bank 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 Sonic Drive-In franchise back in 2005. Zions First National Bank issued an SBA franchise loan. Here are the details on this Utah small business loan. SBA Loan Borrower SDI SBA Loan Lender ZIONS FIRST NATIONAL BANK The lender provided this loan for a small business 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 722211 - Limited-Service Restaurants Loan Approval Date 3/9/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Sonic Drive-In franchise. At the time of the loan, the company had 210 employees. This SBA loan request indicated that the loan would help generate 90 new jobs and retain 210 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: A Company That Helps Entrepreneurs Who Lends Money to Small Businesses in West Valley City, Utah
|
|
||
|
||||
|
|
||||