Loans for Vending Machine Operators
With these loans for vending machine operators, the SBA guarantees the lender that the loan will be repaid. This vending machine operators loan for $80,000 was given to an Utah entrepreneur in 2000.
This company knew how to go about getting a business bank loan. Based in Midvale, Utah, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Zions First National Bank, based in West Valley City, Utah.
SBA Loan Borrower
COMPANY TYPE: AUTOMATIC MERCHANDISING MACHINE OPERATORS
MIDVALE, UT 84047
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.
SIC Code
5962 - Automatic Merchandising Machine Operators
NAICS Code
454210 - Vending Machine Operators
Loan Approval Date
4/18/2000
Loan Approval Gross Amount
$80,000
Loan Approval from the SBA
Of the total $80,000 loan amount, the SBA guaranteed $40,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great way to raise money
We can help you find the best banks for small businesses in Midvale 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.
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