Loan Census Banking News and Information
December 20, 2024  
 
 
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Park City, Utah SBA 7A Banks

 

 
Loan Census SBA Loan Info

Park City, Utah Bank Lends Money to Specialty Food Stores Company in Park City, Utah

Want to talk with a Park City, Utah bank about an SBA loan? Here's one Utah business loan, issued by a Park City bank, that was approved by the SBA.

Applying for an SBA loan with Frontier Bank, Fsb worked out well for our friends at one local business in Park City, Utah. They got an SBA loan for $44,200. Awesome!

SBA Loan Borrower

COMPANY TYPE: SPECIALTY FOOD STORES
PARK CITY, UT 84060

SBA Loan Lender

FRONTIER BANK, FSB
1245 DEER VALLEY DR
PARK CITY, UT 84060

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

445299 - Specialty Food Stores

Loan Approval Date

7/22/2004

Loan Approval Gross Amount

$44,200

Loan Approval from the SBA

Of the total $44,200 loan amount, the SBA guaranteed $22,100.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $44,200 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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