Nonferrous Foundries Commercial Loans

With these commercial loans for nonferrous foundries, the SBA guarantees the lender that the loan will be repaid. This nonferrous foundries loan for $66,500 was given to an Utah entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Payson, Utah was able to borrow $66,500 from Central Bank. The SBA made the loan possible by guaranteeing $53,200 of this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: MUSEUMS AND ART GALLERIES
PAYSON, UT 84651

SBA Loan Lender

CENTRAL BANK
202 S MAIN ST
SPRINGVILLE, UT 84663

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.

SIC Code

8412 - Museums and Art Galleries

NAICS Code

331528 - Nonferrous Foundries

Loan Approval Date

12/7/2000

Loan Approval Gross Amount

$66,500

Loan Approval from the SBA

Of the total $66,500 loan amount, the SBA guaranteed $53,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money 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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Central Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Microlending as a Small Business Funding Source

SBA Approved Banks in Springville, Utah

SBA Lenders in Utah