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November 14, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > West Valley City, Business Loans > Zions First National Bank West Valley City Business Loans > 5 Buck Pizza Loan | ||||
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How to Get SBA Loans in Sandy, Utah
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Utah Entrepreneur Secures Financing to Buy 5 Buck Pizza FranchiseNeed a loan to buy a 5 Buck Pizza franchise? Zions First National Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a 5 Buck Pizza franchise is doable. In 2002, Zions First National Bank issued an SBA franchise loan to an entrepreneur in Sandy, Utah. Because 5 Buck Pizza was registered with the SBA's registry of franchises, this Utah small business loan was issued on an expedited basis. SBA Loan Borrower 5 BUCK PIZZA SBA Loan Lender ZIONS FIRST NATIONAL BANK This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 8/2/2002 Loan Approval Gross Amount $55,800 Loan Approval from the SBA Of the total $55,800 loan amount, the SBA guaranteed $47,430. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a 5 Buck Pizza franchise. At the time of the loan, the company had 15 employees. This SBA loan request indicated that the loan would help retain 15 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start business in Sandy UT, you ought to talk with a local Sandy SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sandy businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Who Lends Money to Small Businesses in West Valley City, Utah
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