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December 22, 2024 |
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| Home > Small Business Lenders by State > Hawaii Business Loan Sources > Salt Lake City, Business Loans > Celtic Bank Corporation Salt Lake City Business Loans > Travel Arrangement And Reservation Services Loan | ||||
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Utah SBA Banks
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Salt Lake City, Utah Bank Lends Money to Travel Arrangement And Reservation Services Company in Haina, HawaiiThinking about meeting with a Salt Lake City, Utah bank about a small business loan? Here's one Hawaii business loan, issued by a Salt Lake City bank, that was approved by the SBA. Applying for an SBA loan with Celtic Bank Corporation worked out well for our friends at one local business in Haina, Hawaii. They got an SBA loan for $800,000. Sweet! SBA Loan Borrower COMPANY TYPE: TRAVEL ARRANGEMENT AND RESERVATION SERVICES SBA Loan Lender CELTIC BANK CORPORATION This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561599 - Travel Arrangement and Reservation Services Loan Approval Date 2/20/2007 Loan Approval Gross Amount $800,000 Loan Approval from the SBA Of the total $800,000 loan amount, the SBA guaranteed $600,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 35 employees. The loan application indicated that the loan would help generate 20 new jobs and retain 35 existing jobs. Start the Process for Getting an SBA Loan Today! 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. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Microlending as a Small Business Funding Source SBA Participating Banks in Salt Lake City, Utah
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