Confectionery Merchant Wholesalers Loans
With these loans for confectionery merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This confectionery merchant wholesalers loan for $20,000 was given to an Utah entrepreneur in 2005.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ogden, Utah was able to borrow $20,000 from Goldenwest Fcu. The SBA made the loan possible by guaranteeing $10,000 of this Utah small business loan.
SBA Loan Borrower
COMPANY TYPE: CONFECTIONERY MERCHANT WHOLESALERS
OGDEN, UT 84403
SBA Loan Lender
GOLDENWEST FCU
5025 ADAMS AVE
OGDEN, UT 84403
The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
424450 - Confectionery Merchant Wholesalers
Loan Approval Date
11/7/2005
Loan Approval Gross Amount
$20,000
Loan Approval from the SBA
Of the total $20,000 loan amount, the SBA guaranteed $10,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had only one employee. The loan application indicated that the loan would help retain 1 existing job.
Start the Process for Getting an SBA Loan Today!
Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
This SBA loan was for $20,000. How would you spend $20,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
Raising Venture Capital
SBA Approved Banks in Ogden, Utah
Getting a Business Loan in Utah