Loan to Buy Hogi Yogi Franchise Issued By State Bank Of Southern Utah

Need money to invest in a Hogi Yogi franchise? State Bank Of Southern Utah has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Hogi Yogi franchise shouldn't be overly burdensome. In 2001, State Bank Of Southern Utah issued an SBA franchise loan to an entrepreneur in Cedar City, Utah. Because Hogi Yogi was registered with the SBA's registry of franchises, this Utah small business loan was issued on an expedited basis.

SBA Loan Borrower

HOGI YOGI
CEDAR CITY, UT 84720

SBA Loan Lender

STATE BANK OF SOUTHERN UTAH
377 N MAIN ST
CEDAR CITY, UT 84720

This loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and a thorough understanding of SBA policies and procedures.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/13/2001

Loan Approval Gross Amount

$246,030

Loan Approval from the SBA

Of the total $246,030 loan amount, the SBA guaranteed $184,523.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hogi Yogi franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like State Bank Of Southern Utah that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Hogi Yogi

Business Incubators

SBA Approved Banks in Cedar City, Utah

SBA Utah Lenders