Marysvale, Utah Business Gets SBA-Guaranteed Funding from State Bank Of Southern Utah
State Bank Of Southern Utah and the SBA work together to get business loans for growing small businesses. Here's an example of how an Utah entrepreneur was able to get a loan to take a small business to the next level.
Getting a small business loan in Marysvale, Utah was an essential business goal for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from State Bank Of Southern Utah, operating out of Cedar City, Utah. Here are the details on this Utah small business loan.
SBA Loan Borrower
COMPANY TYPE: RV PARKS AND CAMPGROUNDS
MARYSVALE, UT 84750
SBA Loan Lender
STATE BANK OF SOUTHERN UTAH
377 N MAIN ST
CEDAR CITY, UT 84720
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
721211 - RV Parks and Campgrounds
Loan Approval Date
1/3/2005
Loan Approval Gross Amount
$285,000
Loan Approval from the SBA
Of the total $285,000 loan amount, the SBA guaranteed $213,750.
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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.
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.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like State Bank Of Southern Utah are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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 Banks in Cedar City, Utah
SBA Participating Banks in Utah