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November 14, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Provo, Business Loans > Americanwest Bank Provo Business Loans > Insurance Agencies And Brokerages Loan | ||||
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SBA Lender Provo
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Provo, Utah Lender Lends Money to Insurance Agencies And Brokerages CompanyWant to talk with a Provo, Utah bank about a small business loan? Here's one Utah business loan, issued by a Provo bank, that was approved by the SBA. Applying for an SBA loan with Americanwest Bank worked out well for our friends at one local firm in Price, Utah. The business was able to get an SBA loan for $342,000. Sweet! SBA Loan Borrower COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES SBA Loan Lender AMERICANWEST BANK This SBA bank loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA delivers a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 524210 - Insurance Agencies and Brokerages Loan Approval Date 11/21/2003 Loan Approval Gross Amount $342,000 Loan Approval from the SBA Of the total $342,000 loan amount, the SBA guaranteed $256,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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 Americanwest Bank 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: Family and Friend Investors - Your First Financiers Getting a Business Loan in Utah
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