Ogden, Utah Business Gets SBA-Guaranteed Funding from America West Bank

An SBA loan from America West Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Ogden, Utah business owner got a $102,400 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ogden, Utah was able to borrow $102,400 from America West Bank. The SBA made the loan possible by guaranteeing $87,040 of this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: FABRICATED METAL PRODUCT MANUFACTURING
OGDEN, UT 84404

SBA Loan Lender

AMERICA WEST BANK
476 W HERITAGE PARK BLVD, STE
LAYTON, UT 84041

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

332999 - Fabricated Metal Product Manufacturing

Loan Approval Date

11/30/2004

Loan Approval Gross Amount

$102,400

Loan Approval from the SBA

Of the total $102,400 loan amount, the SBA guaranteed $87,040.

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 10 employees. The SBA loan documents indicated that the borrowed money would help generate 1 new job.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you 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 $102,400. How would you spend $102,400 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:

Dealing With Venture Capitalists

SBA 7A Banks in Layton, Utah

SBA Lenders in Utah