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December 19, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Salt Lake City, Business Loans > Washington Mutual Bank Salt Lake City Business Loans > Fantastic Sams Of Midvale Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Washington Mutual Bank Provides SBA Loan to Buy Fantastic Sam's FranchiseBorrowing money to buy a Fantastic Sam's franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA. Fantastic Sam's franchise loans are available to Midvale, Utah entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Washington Mutual Bank, based in Salt Lake City, Utah, issued an SBA franchise loan for a Fantastic Sam's franchise in 2000. We've got all the details on this Utah small business loan. SBA Loan Borrower FANTASTIC SAMS OF MIDVALE SBA Loan Lender WASHINGTON MUTUAL BANK This loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending history and a thorough understanding of SBA loan requirements. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7231 - Beauty Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 5/2/2000 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $97,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Fantastic Sam's franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Washington Mutual Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Find an SBA Lender in Salt Lake City, Utah
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