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November 21, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Salt Lake City, Business Loans > Celtic Bank Corporation Salt Lake City Business Loans > Mortgage And Nonmortgage Loan Brokers Loan | ||||
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SBA Lenders Utah
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Salt Lake City, Utah Bank Lends Money to Mortgage And Nonmortgage Loan Brokers Company in Mesa, ArizonaWant to talk with a Salt Lake City, Utah bank about a business loan? Here's one Arizona business loan, issued by a Salt Lake City bank, that was approved by the SBA. Applying for an SBA loan with Celtic Bank Corporation worked out well for our friends at one local company in Mesa, Arizona. The business was able to get an SBA loan for $1,508,800. Way to go! SBA Loan Borrower COMPANY TYPE: MORTGAGE AND NONMORTGAGE LOAN BROKERS SBA Loan Lender CELTIC BANK CORPORATION Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 522310 - Mortgage and Nonmortgage Loan Brokers Loan Approval Date 4/19/2005 Loan Approval Gross Amount $1,508,800 Loan Approval from the SBA Of the total $1,508,800 loan amount, the SBA guaranteed $1,131,600. 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 only one employee. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Obtaining Funding - Friends and Family SBA 7A Banks for Salt Lake City, Utah Loans
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