Small Business Loans for Hardware Stores

With these small business loans for hardware stores, the SBA guarantees the lender that the loan will be repaid. This hardware stores loan for $302,400 was given to an Utah entrepreneur in 2006.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with State Bank Of Southern Utah, out of Cedar City, Utah. The loan was granted and they received $302,400 to help grow their Escalante, Utah business.

SBA Loan Borrower

COMPANY TYPE: HARDWARE STORES
ESCALANTE, UT 84726

SBA Loan Lender

STATE BANK OF SOUTHERN UTAH
377 N MAIN ST
CEDAR CITY, UT 84720

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

5/26/2006

Loan Approval Gross Amount

$302,400

Loan Approval from the SBA

Of the total $302,400 loan amount, the SBA guaranteed $226,800.

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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Escalante UT, you ought to talk with a local Escalante SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Escalante businesses.

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:

Small Business Loan

Best Cedar City, Utah Banks for Small Business

Utah SBA 7A Lenders