Murray, UT Entrepreneur Gets SBA Loan to Buy Jan-Pro Cleaning Systems Franchise

Borrowing money to purchase a Jan-Pro Cleaning Systems franchise? Bank Of American Fork has a history of making these loans and they are guaranteed by the SBA.

Jan-Pro Cleaning Systems franchise loans are available to Murray, Utah entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of American Fork, based in American Fork, Utah, issued an SBA franchise loan for a Jan-Pro Cleaning Systems franchise in 2006. We've got all the details on this Utah small business loan.

SBA Loan Borrower

JAN-PRO OF UTAH
MURRAY, UT 84107

SBA Loan Lender

BANK OF AMERICAN FORK
33 E MAIN
AMERICAN FORK, UT 84003

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

6/29/2006

Loan Approval Gross Amount

$165,500

Loan Approval from the SBA

Of the total $165,500 loan amount, the SBA guaranteed $124,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Jan-Pro Cleaning Systems franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of American Fork so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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