SBA Loan from Capital Community Bank Helps Floor Covering Stores Company

An SBA loan from Capital Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Orem, Utah business owner got a $150,000 loan.

Getting a small business loan in Orem, Utah was an essential business goal for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Capital Community Bank, operating out of Pleasant Grove, Utah. Here are the details on this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: FLOOR COVERING STORES
OREM, UT 84058

SBA Loan Lender

CAPITAL COMMUNITY BANK
1909 W STATE ST
PLEASANT GROVE, UT 84062

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442210 - Floor Covering Stores

Loan Approval Date

11/7/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 3 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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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