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April 30, 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 > Casey Inc Loan | ||||
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Advice for Borrowing Money to Buy a Franchise
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Loan to Buy Merry Maids Franchise Issued By Zions First National BankNeed a loan to buy a Merry Maids franchise? Zions First National Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Merry Maids franchise requires some effort but others before you have been successful. In 2004, Zions First National Bank issued an SBA franchise loan to an entrepreneur in Salt Lake City, Utah. Because Merry Maids was registered with the SBA's registry of franchises, this Utah small business loan was issued on an expedited basis. SBA Loan Borrower CASEY INC SBA Loan Lender ZIONS FIRST NATIONAL BANK This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561740 - Carpet and Upholstery Cleaning Services Loan Approval Date 6/18/2004 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $110,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Merry Maids franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 12 new jobs and retain 12 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $130,000. How would you spend $130,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Good Banks for Small Business in West Valley City, Utah
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