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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 > Open-End Investment Funds Loan | ||||
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Utah Small Business Funding
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Commercial Loans for Open-End Investment FundsWith these commercial loans for open-end investment funds, the SBA guarantees the lender that the loan will be repaid. This open-end investment funds loan for $101,200 was given to an Utah entrepreneur in 2004. 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 $101,200 to help grow their American Fork, Utah business. SBA Loan Borrower COMPANY TYPE: OPEN-END INVESTMENT FUNDS SBA Loan Lender ZIONS FIRST NATIONAL BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 525910 - Open-End Investment Funds Loan Approval Date 10/14/2004 Loan Approval Gross Amount $101,200 Loan Approval from the SBA Of the total $101,200 loan amount, the SBA guaranteed $86,020. 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 17 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Microlending as a Small Business Funding Source Best Banks for Small Business in West Valley City, Utah
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