Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Payson SBA Loans

 

 
Loan Census SBA Loan Info

Payson, Utah Entrepreneur Gets a Small Business Loan

UtahBusiness loans are available to Utah business owners through the SBA. In this case, an Utah bank provides the loan.

Getting a small business loan in Payson, Utah was a top priority for this SBA-financed company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Celtic Bank Corporation. Here are the details on this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES
PAYSON, UT 84651

SBA Loan Lender

CELTIC BANK CORPORATION
340 E 400
SALT LAKE CITY, UT 84111

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541940 - Veterinary Services

Loan Approval Date

10/12/2001

Loan Approval Gross Amount

$900,000

Loan Approval from the SBA

Of the total $900,000 loan amount, the SBA guaranteed $675,000.

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 only one employee. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Celtic Bank Corporation and they will explain how you can get an SBA loan for your company.

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:

Obtaining Funding - How to Decide How Much to Raise

Who Lends Money to Small Businesses in Salt Lake City, Utah

Utah SBA 7A Lenders