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November 15, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Used Car Dealers Loan | ||||
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Draper, Utah Bank Loan
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Firm Gets an Utah SBA LoanSearching for an Utah small business loan? This Utah entrepreneur got a small business loan, provided by an Ohio bank that works with the SBA to help small business owners. Getting a small business loan in Draper, Utah was a top priority for this small company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from U.S. Bank National Association. Here are the details on this Utah small business loan. SBA Loan Borrower COMPANY TYPE: USED CAR DEALERS SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441120 - Used Car Dealers Loan Approval Date 4/25/2005 Loan Approval Gross Amount $1,567,500 Loan Approval from the SBA Of the total $1,567,500 loan amount, the SBA guaranteed $1,175,625. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 11 employees. This SBA loan request indicated that the loan would help generate 8 new jobs and retain 3 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like U.S. Bank National Association and they will explain how you can get an SBA loan for your company. 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: Good Banks for Small Business in Cincinnati, Ohio
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