Get an SBA Loan for Commercial and Service Industry Machinery Manufacturing

Looking for small business loans for commercial and service industry machinery manufacturing? Try the SBA. This $108,500 commercial and service industry machinery manufacturing loan was issued by an Utah bank.

Getting a small business loan in Bountiful, Utah was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Barnes Banking Company, operating out of Kaysville, Utah. Here are the details on this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND SERVICE INDUSTRY MACHINERY MANUFACTURING
BOUNTIFUL, UT 84010

SBA Loan Lender

BARNES BANKING COMPANY
33 S MAIN ST
KAYSVILLE, UT 84037

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333319 - Commercial and Service Industry Machinery Manufacturing

Loan Approval Date

12/20/2004

Loan Approval Gross Amount

$108,500

Loan Approval from the SBA

Of the total $108,500 loan amount, the SBA guaranteed $92,225.

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 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

We've showcased information on this loan to let you know that businesses like yours 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.

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