Provo, Utah Bank Gives SBA Loan to Beauty Salons Company
Thinking about meeting with a Provo, Utah bank about an SBA loan? Here's one Utah business loan, issued by a Provo bank, that was approved by the SBA.
Applying for an SBA loan with Capital Community Bank worked out well for our friends at one local firm in Orem, Utah. The business was able to get an SBA loan for $68,000. Awesome!
SBA Loan Borrower
COMPANY TYPE: BEAUTY SALONS
OREM, UT 84097
SBA Loan Lender
CAPITAL COMMUNITY BANK
3280 N UNIVERSITY AVE
PROVO, UT 84604
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812112 - Beauty Salons
Loan Approval Date
2/12/2003
Loan Approval Gross Amount
$68,000
Loan Approval from the SBA
Of the total $68,000 loan amount, the SBA guaranteed $57,800.
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 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
We can help you find the best banks for small businesses in Orem or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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.
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