Bank Loans for Personal Services

With these bank loans for personal services, the SBA guarantees the lender that the loan will be repaid. This personal services loan for $41,700 was given to an Utah entrepreneur in 2001.

Getting a small business loan in Midvale, Utah was important for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Brighton Bank, operating out of Salt Lake City, Utah. Here are the details on this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
MIDVALE, UT 84047

SBA Loan Lender

BRIGHTON BANK
940 W NORTH TEMPLE
SALT LAKE CITY, UT 84116

This commercial loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7299 - Personal Services

NAICS Code

812990 - Personal Services

Loan Approval Date

10/23/2001

Loan Approval Gross Amount

$41,700

Loan Approval from the SBA

Of the total $41,700 loan amount, the SBA guaranteed $35,445.

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 30 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $41,700 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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 Participating Banks in Salt Lake City, Utah

Utah SBA 7A Lenders