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November 23, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Riverdale, Business Loans > America First Fcu Riverdale Business Loans > Locksmiths Loan | ||||
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SBA 7A Banks for Peoa, Utah Business Owners
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Commercial Loans for LocksmithsWith these commercial loans for locksmiths, the SBA guarantees the lender that the loan will be repaid. This locksmiths loan for $17,000 was given to an Utah entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Peoa, Utah was able to borrow $17,000 from America First Fcu. The SBA made the loan possible by guaranteeing $8,500 of this Utah small business loan. SBA Loan Borrower COMPANY TYPE: LOCKSMITHS SBA Loan Lender AMERICA FIRST FCU 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 561622 - Locksmiths Loan Approval Date 3/7/2005 Loan Approval Gross Amount $17,000 Loan Approval from the SBA Of the total $17,000 loan amount, the SBA guaranteed $8,500. 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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $17,000. How would you spend $17,000 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: Where to Get an SBA Loan in Riverdale, Utah
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