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November 21, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Alpine, Business Loans > Bank Of American Fork Alpine Business Loans > Mattresses, Foundations, And Convertible Beds Loan | ||||
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Utah SBA Lenders
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Alpine, Utah Bank Lends Money to Mattresses, Foundations, And Convertible Beds Company in Alpine, UtahAn Alpine, Utah small business loan can be yours. Learn how one firm got a $130,000 business loan from this Utah bank. This loan to a local firm is a good example of an SBA loan. Bank Of American Fork made the loan and the SBA guaranteed a portion of the loan. Many other Utah entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: MATTRESSES, FOUNDATIONS, AND CONVERTIBLE BEDS SBA Loan Lender BANK OF AMERICAN FORK 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. SIC Code 2515 - Mattresses, Foundations, and Convertible Beds Loan Approval Date 4/12/2000 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $97,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of American Fork and they will explain how you can get an SBA loan for your company. 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: Small Business Banks in Alpine, Utah
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