Loan Census Banking News and Information
November 24, 2024  
 
 
  Business Loan Information  
 

Good Sources for Midvale SBA Loans

 

 
Loan Census SBA Loan Info

Midvale, UT Entrepreneur Gets SBA Loan to Buy Cartridge World Stores Franchise

Need money to buy a Cartridge World Stores franchise? Zions First National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Midvale, Utah needed money to invest in a Cartridge World Stores franchise back in 2004. Zions First National Bank issued an SBA franchise loan. Here are the details on this Utah small business loan.

SBA Loan Borrower

LINDSEY HILL ENTERPRISES, LLC
MIDVALE, UT 84047

SBA Loan Lender

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

This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

325910 - Printing Ink Manufacturing

Loan Approval Date

12/16/2004

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cartridge World Stores franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This SBA loan was for $20,000. How would you spend $20,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Cartridge World

Investor Turnoffs

Who Lends Money to Small Businesses in West Valley City, Utah

Browse All Business Loan Sources for Utah