Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Zions First National Bank Small Business Loan

 

 
Loan Census SBA Loan Info

How to Get a Loan for Sporting Goods Stores

Looking for business loans for sporting goods stores? An SBA loan may be just what you've been looking for. This $1,553,000 sporting goods stores loan was issued by an Utah bank.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Zions First National Bank, out of West Valley City, Utah. The loan was granted and they received $1,553,000 to help grow their Alta, Utah business.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
ALTA, UT 84092

SBA Loan Lender

ZIONS FIRST NATIONAL BANK
2460 SOUTH 3270 WEST, SBA DEP
WEST VALLEY CITY, UT 84119

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

11/2/2004

Loan Approval Gross Amount

$1,553,000

Loan Approval from the SBA

Of the total $1,553,000 loan amount, the SBA guaranteed $1,164,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 40 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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 Zions First National Bank 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:

Direct Public Offerings

Who Lends Money to Small Businesses in West Valley City, Utah

Utah SBA Bank Lenders