SBA Loan from 1st National Bank - Morgan Helps Electrical And Electronic Appliance, Television, And Radio Sets Company

An SBA loan from 1st National Bank - Morgan typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Morgan, Utah business owner got a $45,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with 1st National Bank - Morgan, out of Morgan, Utah. The loan was granted and they received $45,000 to help grow their Morgan, Utah business.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL AND ELECTRONIC APPLIANCE, TELEVISION, AND RADIO SETS
MORGAN, UT 84050

SBA Loan Lender

1ST NATIONAL BANK - MORGAN
120 N STATE ST
MORGAN, UT 84050

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

423620 - Electrical and Electronic Appliance, Television, and Radio Sets

Loan Approval Date

9/4/2003

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $22,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like 1st National Bank - Morgan that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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