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November 14, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Park City, Business Loans > Frontier Bank, Fsb Park City Business Loans > Photography Studios, Portrait Loan | ||||
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How to Get SBA Loans in Park City, Utah
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SBA Loans for Photography Studios, PortraitLooking for SBA loans for photography studios, portrait? Talk to a banker who works with the SBA. This $55,000 photography studios, portrait loan was issued by an Utah bank. This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Frontier Bank, Fsb, out of Park City, Utah. The loan was granted and they received $55,000 to help grow their Park City, Utah business. SBA Loan Borrower COMPANY TYPE: PHOTOGRAPHY STUDIOS, PORTRAIT SBA Loan Lender FRONTIER BANK, FSB 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 541921 - Photography Studios, Portrait Loan Approval Date 6/14/2005 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $27,500. 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 only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to 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 firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA Participating Banks in Park City, Utah
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