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November 15, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Salt Lake City, Business Loans > Webbank Salt Lake City Business Loans > Drinking Places Loan | ||||
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Banks Doing SBA Loans in Utah
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Salt Lake City, Utah Lender Lends Money to Drinking Places CompanyFind Salt Lake City, Utah banks that specialize in SBA loans and know how to work with entrepreneurs. Webbank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Monett, Missouri starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Webbank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender WEBBANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722410 - Drinking Places Loan Approval Date 11/15/2007 Loan Approval Gross Amount $207,500 Loan Approval from the SBA Of the total $207,500 loan amount, the SBA guaranteed $155,625. 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 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. 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: Microlending as a Small Business Funding Source
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