Borrow Money to Buy a Blimpie Franchise
Borrowing money to purchase a Blimpie franchise? Zions First National Bank has a history of making these loans and they are guaranteed by the SBA.
Blimpie franchise loans are available to Salt Lake City, 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 Blimpie franchise in 2004. We've got all the details on this Utah small business loan.
SBA Loan Borrower
PELETON BLIMPIE 13TH, INC.
SALT LAKE CITY, UT 84115
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
722211 - Limited-Service Restaurants
Loan Approval Date
11/26/2004
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company
had 7 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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 Zions First National Bank 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.
Related Links:
Blimpie Subs & Salads
Determining Proper Capital Structure for a Business
Small Business Banks in West Valley City, Utah
Getting an SBA Loan in Utah