Lindon, Utah Entrepreneur Gets a Business Loan

Would an Utah bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Utah bank, which offers SBA loans to Utah entrepreneurs.

This small business, based in Lindon, Utah, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Celtic Bank Corporation. We've got the inside scoop on this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL PRINTING
LINDON, UT 84042

SBA Loan Lender

CELTIC BANK CORPORATION
340 E 400
SALT LAKE CITY, UT 84111

The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

323119 - Commercial Printing

Loan Approval Date

12/19/2005

Loan Approval Gross Amount

$86,900

Loan Approval from the SBA

Of the total $86,900 loan amount, the SBA guaranteed $43,450.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 75 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

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.

Related Links:

Banking Deregulation's Effects on Entrepreneurship

SBA 7A Banks in Salt Lake City, Utah

Browse All Business Loan Sources for Utah