Heber City, Utah Bank Lends Money to Motor Vehicle Dealers Company in Grand Junction, Colorado

Thinking about meeting with a Heber City, Utah bank about a business loan? Here's one Colorado business loan, issued by a Heber City bank, that was approved by the SBA.

Applying for an SBA loan with Grand Valley National Bank worked out well for our friends at one local company in Grand Junction, Colorado. The business was able to get an SBA loan for $184,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE DEALERS
GRAND JUNCTION, CO 81501

SBA Loan Lender

GRAND VALLEY NATIONAL BANK
2 S MAIN ST
HEBER CITY, UT 84032

This loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending history and a deep knowledge SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5521 - Motor Vehicle Dealers

NAICS Code

441120 - Used Car Dealers

Loan Approval Date

3/8/2000

Loan Approval Gross Amount

$184,000

Loan Approval from the SBA

Of the total $184,000 loan amount, the SBA guaranteed $138,000.

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 8 employees. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Grand Junction CO, you ought to talk with a local Grand Junction SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Grand Junction 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.

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