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November 21, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Phoenix, Business Loans > Wells Fargo Bank Phoenix Business Loans > Security Systems Services Loan | ||||
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How to Get SBA Loans in Provo, Utah
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Where to Get Capital for Security Systems ServicesLooking for SBA loans for security systems services? Talk to a banker who works with the SBA. This $1,255,000 security systems services loan was issued by an Arizona bank. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Wells Fargo Bank, out of Phoenix, Arizona. The loan was granted and they received $1,255,000 to help grow their Provo, Utah business. SBA Loan Borrower COMPANY TYPE: SECURITY SYSTEMS SERVICES SBA Loan Lender WELLS FARGO BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561621 - Security Systems Services Loan Approval Date 9/24/2003 Loan Approval Gross Amount $1,255,000 Loan Approval from the SBA Of the total $1,255,000 loan amount, the SBA guaranteed $941,250. 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 95 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 95 existing jobs. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Best Phoenix, Arizona Banks for Small Business
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