Loan Census Banking News and Information
November 21, 2024  
 
 
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Magna, Utah Bank Loan

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a 5 Buck Pizza Franchise

Need a loan to invest in a 5 Buck Pizza franchise? Zions First National Bank has a history of making these loans and they are guaranteed by the SBA.

5 Buck Pizza franchise loans are available to Magna, Utah entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Zions First National Bank, based in West Valley City, Utah, issued an SBA franchise loan for a 5 Buck Pizza franchise in 2003. We've got all the details on this Utah small business loan.

SBA Loan Borrower

5 BUCK PIZZA OF MAGNA
MAGNA, UT 84044

SBA Loan Lender

ZIONS FIRST NATIONAL BANK
2460 SOUTH 3270 WEST, SBA DEP
WEST VALLEY CITY, UT 84119

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

12/17/2003

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a 5 Buck Pizza franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Magna or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

5 Buck Pizza

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Best Banks for Small Business in West Valley City, Utah

SBA Participating Banks in Utah