Utah Entrepreneur Secures Financing to Buy Iccberg Drive Inn Franchise
Need money to invest in an Iccberg Drive Inn franchise? Zions First National Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy an Iccberg Drive Inn franchise shouldn't be overly burdensome. In 2003, Zions First National Bank issued an SBA franchise loan to an entrepreneur in Draper, Utah. Because Iccberg Drive Inn was registered with the SBA's registry of franchises, this Utah small business loan was issued on an expedited basis.
SBA Loan Borrower
ICEBERG DRIVE-INN
DRAPER, UT 84020
SBA Loan Lender
ZIONS FIRST NATIONAL BANK
2460 SOUTH 3270 WEST, SBA DEP
WEST VALLEY CITY, UT 84119
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
6/9/2003
Loan Approval Gross Amount
$48,000
Loan Approval from the SBA
Of the total $48,000 loan amount, the SBA guaranteed $40,800.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy an Iccberg Drive Inn franchise. At the time of the loan, the company
had 7 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 10 existing jobs.
Great, But How Can I Get an SBA Loan for My 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.
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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