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November 21, 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 > Taco Del Mar Loan | ||||
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Advice for Getting a Franchise Loan
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West Jordan, UT Entrepreneur Gets SBA Loan to Buy Taco Del Mar FranchiseBorrowing money to purchase a Taco Del Mar franchise? Zions First National Bank has a history of making these loans and they are guaranteed by the SBA. If you live near West Jordan, Utah and are interested in buying a Taco Del Mar franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Zions First National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower TACO DEL MAR SBA Loan Lender ZIONS FIRST NATIONAL BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/17/2004 Loan Approval Gross Amount $157,000 Loan Approval from the SBA Of the total $157,000 loan amount, the SBA guaranteed $117,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Taco Del Mar franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 9 new jobs and retain 11 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. 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 $157,000 loan. Remember, feel the fear, and do it anyway. 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: Dealing With Venture Capitalists SBA Banks in West Valley City, Utah
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