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November 15, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Layton, Business Loans > 1st National Bank - Layton Layton Business Loans > Manufacturing Loan | ||||
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Good Banks for North Salt Lake Business Owners
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Manufacturing Commercial LoansWith these commercial loans for manufacturing, the SBA guarantees the lender that the loan will be repaid. This manufacturing loan for $700,000 was given to an Utah entrepreneur in 2004. This business knew how to go about getting a business bank loan. Based in North Salt Lake, Utah, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was 1st National Bank - Layton, based in Layton, Utah. SBA Loan Borrower COMPANY TYPE: MANUFACTURING SBA Loan Lender 1ST NATIONAL BANK - LAYTON This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339999 - Manufacturing Loan Approval Date 4/2/2004 Loan Approval Gross Amount $700,000 Loan Approval from the SBA Of the total $700,000 loan amount, the SBA guaranteed $525,000. 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 7 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 7 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like 1st National Bank - Layton and they will explain how you can get an SBA loan for your company. 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: SBA Approved Banks in Layton, Utah
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