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November 15, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Saint George, Business Loans > State Bank Of Southern Utah Saint George Business Loans > Watson's Pump & Rooter / Roto Loan | ||||
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Utah Small Business Funding for Franchises
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Loan to Buy Roto Rooter Franchise Issued By State Bank Of Southern UtahBorrowing money to buy a Roto Rooter franchise? State Bank Of Southern Utah has a history of making these loans and they are guaranteed by the SBA. Roto Rooter franchise loans are available to St. George, Utah entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, State Bank Of Southern Utah, based in Saint George, Utah, issued an SBA franchise loan for a Roto Rooter franchise in 2003. We've got all the details on this Utah small business loan. SBA Loan Borrower WATSON'S PUMP & ROOTER / ROTO SBA Loan Lender STATE BANK OF SOUTHERN UTAH 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 238220 - Plumbing, Heating, and Air-Conditioning Contractors Loan Approval Date 4/1/2003 Loan Approval Gross Amount $137,000 Loan Approval from the SBA Of the total $137,000 loan amount, the SBA guaranteed $116,450. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Roto Rooter franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $137,000. How would you spend $137,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Raising VC Money for Social Networking Companies SBA Participating Banks in Saint George, Utah
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