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November 14, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Provo, Business Loans > Amer Bank - Comm. D/b/a Ambank Provo Business Loans > Residential Remodelers Loan | ||||
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I Need an SBA Loan in Orem, Utah
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Residential Remodelers Business LoansLooking for business loans for residential remodelers? The SBA may be the answer. This $128,300 residential remodelers loan was issued by an Utah bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Orem, Utah was able to borrow $128,300 from Amer Bank - Comm. D/b/a Ambank. The SBA made the loan possible by guaranteeing $64,150 of this Utah small business loan. SBA Loan Borrower COMPANY TYPE: RESIDENTIAL REMODELERS SBA Loan Lender AMER BANK - COMM. D/B/A AMBANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 236118 - Residential Remodelers Loan Approval Date 1/16/2008 Loan Approval Gross Amount $128,300 Loan Approval from the SBA Of the total $128,300 loan amount, the SBA guaranteed $64,150. 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 28 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 28 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $128,300. How would you spend $128,300 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: Small Bank Loans in Provo, Utah
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