Business Loan from Jordan Fcu Given to Excavation Contractors Company

An SBA loan from Jordan Fcu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Draper, Utah business owner got a $72,900 loan.

Getting a small business loan in Draper, Utah was an essential business goal for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Jordan Fcu, operating out of Sandy, Utah. Here are the details on this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: EXCAVATION CONTRACTORS
DRAPER, UT 84020

SBA Loan Lender

JORDAN FCU
9260 SOUTH 300 EAST
SANDY, UT 84070

The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

235930 - Excavation Contractors

Loan Approval Date

7/28/2005

Loan Approval Gross Amount

$72,900

Loan Approval from the SBA

Of the total $72,900 loan amount, the SBA guaranteed $36,450.

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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Draper or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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