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November 14, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Saint George, Business Loans > Sunfirst Bank Saint George Business Loans > Bajio At Cedar City Loan | ||||
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St. George, Utah Bank for SBA Loans
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St. George, UT Entrepreneur Gets SBA Loan to Buy Bajio FranchiseNeed money to buy a Bajio franchise? Sunfirst Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Bajio franchise shouldn't be overly burdensome. In 2005, Sunfirst Bank issued an SBA franchise loan to an entrepreneur in St. George, Utah. Because Bajio was registered with the SBA's registry of franchises, this Utah small business loan was issued on an expedited basis. SBA Loan Borrower BAJIO AT CEDAR CITY SBA Loan Lender SUNFIRST BANK 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 8/9/2005 Loan Approval Gross Amount $232,000 Loan Approval from the SBA Of the total $232,000 loan amount, the SBA guaranteed $116,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Bajio franchise. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the loan would help generate 14 new jobs and retain 1 existing job. Next Steps for Getting an SBA Loan 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Sunfirst Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA 7A Banks in Saint George, Utah
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