Zions First National Bank Provides SBA Loan to Buy Sports Clips Franchise
Need a loan to invest in a Sports Clips franchise? Zions First National Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in American Fork, Utah needed money to invest in a Sports Clips 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
UT102 INC.
AMERICAN FORK, UT 84003
SBA Loan Lender
ZIONS FIRST NATIONAL BANK
2460 SOUTH 3270 WEST, SBA DEP
WEST VALLEY CITY, UT 84119
This lender provides SBA bank 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
812111 - Barber Shops
Loan Approval Date
1/13/2005
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Sports Clips franchise. At the time of the loan, the company
had 2 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 12 existing jobs.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
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 Zions First National 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.
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