Entrepreneur Works With West Valley City, Utah Bank to Get an SBA Loan
Thinking about meeting with a West Valley City, Utah bank about a small business loan? Here's one Idaho business loan, issued by a West Valley City bank, that was approved by the SBA.
Applying for an SBA loan with Zions First National Bank worked out well for our friends at one local firm in Moscow, Idaho. They received an SBA loan for $400,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: GRAIN AND FIELD BEAN MERCHANT WHOLESALERS
MOSCOW, ID 83843
SBA Loan Lender
ZIONS FIRST NATIONAL BANK
2460 SOUTH 3270 WEST, SBA DEP
WEST VALLEY CITY, UT 84119
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA 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
424510 - Grain and Field Bean Merchant Wholesalers
Loan Approval Date
12/15/2005
Loan Approval Gross Amount
$400,000
Loan Approval from the SBA
Of the total $400,000 loan amount, the SBA guaranteed $360,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 20 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Attracting Investors
Find an SBA Lender in West Valley City, Utah
Utah SBA 7A Banks