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December 18, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Ogden, Business Loans > Bank Of Utah Ogden Business Loans > Hotels And Motels Loan | ||||
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Small Business Banks That Lend to Utah Entrepreneurs
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Bank Of Utah Gives Bank Loan to Hotels And Motels CompanySmall business loans in Utah are tough to come by these days. We take a look at one Utah small business loan, provided by an Utah bank, that was approved by the SBA. Getting a small business loan in Ogden, Utah was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Utah. Here are the details on this Utah small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender BANK OF UTAH This lender provides SBA guaranteed bank 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 721110 - Hotels and Motels Loan Approval Date 9/11/2007 Loan Approval Gross Amount $1,860,000 Loan Approval from the SBA Of the total $1,860,000 loan amount, the SBA guaranteed $1,395,000. 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 9 employees. This SBA loan request indicated that the loan would help generate 11 new jobs and retain 9 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 Bank Of Utah 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: Banking Deregulation's Effects on Entrepreneurship
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