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December 19, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Riverdale, Business Loans > America First Fcu Riverdale Business Loans > Payroll Services Loan | ||||
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America First Fcu
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Business Loan from America First Fcu Given to Payroll Services CompanyAmerica First Fcu has a track record as a leading provider of SBA loans. Find out how this Utah entrepreneur received an SBA loan from them. This growing company knew how to go about getting a business bank loan. Based in Lehi, Utah, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was America First Fcu, based in Riverdale, Utah. SBA Loan Borrower COMPANY TYPE: PAYROLL SERVICES SBA Loan Lender AMERICA FIRST FCU This lender processed this SBA bank 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 541214 - Payroll Services Loan Approval Date 10/4/2007 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $17,500. 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 13 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 13 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $35,000 loan. Remember, feel the fear, and do it anyway. 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: Family and Friend Investors - Your First Financiers Best Banks for Small Business in Riverdale, Utah
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