Spanish Fork, UT Entrepreneur Gets SBA Loan to Buy Ogden's Carpet Outlet Franchise

Need money to purchase an Ogden's Carpet Outlet franchise? Central Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Spanish Fork, Utah and are interested in buying an Ogden's Carpet Outlet franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Central Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

OGDEN'S CARPET OUTLETS
SPANISH FORK, UT 84660

SBA Loan Lender

CENTRAL BANK
1 N MAIN ST
SPANISH FORK, UT 84660

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442210 - Floor Covering Stores

Loan Approval Date

12/8/2000

Loan Approval Gross Amount

$61,000

Loan Approval from the SBA

Of the total $61,000 loan amount, the SBA guaranteed $48,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Ogden's Carpet Outlet franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $61,000 loan. Remember, things become real when you believe you can achieve them!

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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