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November 14, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Tooele, Business Loans > Tooele Fcu Tooele Business Loans > Framing Contractors Loan | ||||
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Tooele Bank Loan
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Tooele, Utah Bank Lends Money to Framing Contractors Company in Riverton, UtahWant to talk with a Tooele, Utah bank about an SBA loan? Here's one Utah business loan, issued by a Tooele bank, that was approved by the SBA. Applying for an SBA loan with Tooele Fcu worked out well for our friends at one local firm in Riverton, Utah. The business was able to get an SBA loan for $12,500. Nice! SBA Loan Borrower COMPANY TYPE: FRAMING CONTRACTORS SBA Loan Lender TOOELE FCU This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 238130 - Framing Contractors Loan Approval Date 4/13/2006 Loan Approval Gross Amount $12,500 Loan Approval from the SBA Of the total $12,500 loan amount, the SBA guaranteed $6,250. 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Tooele Fcu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Tooele Fcu made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Banking Deregulation's Effects on Entrepreneurship Best Tooele, Utah Banks for Small Business
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