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November 14, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Ogden, Business Loans > Goldenwest Fcu Ogden Business Loans > Furniture Stores Loan | ||||
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Banks in Ogden, Utah That Make SBA Loans
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Ogden, Utah Lender Lends Money to Furniture Stores CompanyWant to talk with an Ogden, Utah bank about an SBA loan? Here's one Utah business loan, issued by an Ogden bank, that was approved by the SBA. Applying for an SBA loan with Goldenwest Fcu worked out well for our friends at one local firm in Hooper, Utah. They received an SBA loan for $10,000. Great job! SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender GOLDENWEST FCU This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 442110 - Furniture Stores Loan Approval Date 2/8/2006 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. 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
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