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December 25, 2024  
 
 
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Utah Small Business Funding for Franchises

 

 
Loan Census SBA Loan Info

Utah Entrepreneur Secures Financing to Buy Padgett Business Service Franchise

Borrowing money to buy a Padgett Business Service franchise? Zions First National Bank has a history of making these loans and they are guaranteed by the SBA.

Padgett Business Service franchise loans are available to Ogden, 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 Padgett Business Service franchise in 2003. We've got all the details on this Utah small business loan.

SBA Loan Borrower

PADGETT BUSINESS SERVICE - WES
OGDEN, UT 84401

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

541219 - Accounting Services

Loan Approval Date

4/17/2003

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Padgett Business Service franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help create 2 new jobs.

Start the Process for Getting an SBA Loan Today!

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $25,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Padgett Business Services

The Art of Bootstrapping

SBA Participating Banks in West Valley City, Utah

Utah SBA 7A Banks