Growing Company Gets an Utah Small Business Loan
UtahBank loans are available to Utah firms through the SBA. In this case, an Utah bank provides the loan.
You can learn something about getting a small business loan in Bountiful, Utah by studying this loan to a local company, made back in 2006. Banks like America First Fcu may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: USED CAR DEALERS
BOUNTIFUL, UT 84010
SBA Loan Lender
AMERICA FIRST FCU
1344 WEST 4675 SOUTH
RIVERDALE, UT 84405
This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
441120 - Used Car Dealers
Loan Approval Date
12/15/2006
Loan Approval Gross Amount
$35,000
Loan Approval from the SBA
Of the total $35,000 loan amount, the SBA guaranteed $17,500.
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 7 employees. The SBA loan application for the borrower indicated that the loan would help retain 7 existing jobs.
Next Steps for Getting an SBA Loan
If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great way to raise money
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Business Incubators
SBA Participating Banks in Riverdale, Utah
SBA Lenders in Utah