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November 15, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Logan, Business Loans > Cache Valley Bank Logan Business Loans > Refrigerated Warehousing And Storage Loan | ||||
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Getting an SBA Loan from Cache Valley Bank
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Brigham City, Utah Business Gets SBA-Guaranteed Funding from Cache Valley BankAn SBA loan from Cache Valley Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Brigham City, Utah business owner got a $445,000 loan. This business knew how to go about getting a business bank loan. Based in Brigham City, Utah, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Cache Valley Bank, based in Logan, Utah. SBA Loan Borrower COMPANY TYPE: REFRIGERATED WAREHOUSING AND STORAGE SBA Loan Lender CACHE VALLEY BANK This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 493120 - Refrigerated Warehousing and Storage Loan Approval Date 5/3/2006 Loan Approval Gross Amount $445,000 Loan Approval from the SBA Of the total $445,000 loan amount, the SBA guaranteed $333,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 20 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. Getting an SBA Loan For Your Business 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. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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:
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