Magic Valley Bank A Division - Provides SBA Loan to Buy Heaven's Best Franchise

Borrowing money to purchase a Heaven's Best franchise? Magic Valley Bank A Division - has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Heaven's Best franchise? If so, here's a 2002 SBA franchise loan that you should know about. Magic Valley Bank A Division - was the lender and the entrepreneur was based in Twin Falls, Idaho.

SBA Loan Borrower

HEAVEN'S BEST CARPET&UPHOLSTER
TWIN FALLS, ID 83301

SBA Loan Lender

MAGIC VALLEY BANK A DIVISION -
113 MAIN AVE WEST
TWIN FALLS, ID 83301

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

561740 - Carpet and Upholstery Cleaning Services

Loan Approval Date

4/29/2002

Loan Approval Gross Amount

$57,000

Loan Approval from the SBA

Of the total $57,000 loan amount, the SBA guaranteed $48,450.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Heaven's Best franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Heaven's Best Carpet/Uphol. Cleaning

Strategic Investors

Banks in Twin Falls, Idaho

Getting an SBA Loan in Idaho