Raising Money for Highway, Street, and Bridge Construction

With these business loans for highway, street, and bridge construction, the SBA guarantees the lender that the loan will be repaid. This highway, street, and bridge construction loan for $665,000 was given to an Utah entrepreneur in 2007.

Getting a small business loan in Henefer, Utah was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank - Morgan, operating out of Morgan, Utah. Here are the details on this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: HIGHWAY, STREET, AND BRIDGE CONSTRUCTION
HENEFER, UT 84033

SBA Loan Lender

1ST NATIONAL BANK - MORGAN
5015 W OLD HWY RD
MORGAN, UT 84050

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

237310 - Highway, Street, and Bridge Construction

Loan Approval Date

4/23/2007

Loan Approval Gross Amount

$665,000

Loan Approval from the SBA

Of the total $665,000 loan amount, the SBA guaranteed $498,750.

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 5 employees. The loan application indicated that the loan would help create 5 new jobs.

Getting an SBA Loan For Your Business

If you want money for new small business in Henefer UT, you ought to talk with a local Henefer SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Henefer businesses.

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 1st National Bank - Morgan 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:

Alternative Financing

SBA 7A Lenders in Morgan, Utah

Getting an SBA Loan in Utah