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November 21, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > West Jordan, Business Loans > Mountain America Fcu West Jordan Business Loans > Business Service Centers Loan | ||||
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Banks Doing SBA Loans in Utah
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West Jordan, Utah Bank Gives SBA Loan to Business Service Centers CompanyThinking about meeting with a West Jordan, Utah bank about an SBA loan? Here's one Utah business loan, issued by a West Jordan bank, that was approved by the SBA. Applying for an SBA loan with Mountain America Fcu worked out well for our friends at one local business in Roy, Utah. They got an SBA loan for $12,400. Nice! SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICE CENTERS SBA Loan Lender MOUNTAIN AMERICA FCU This commercial 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 561439 - Business Service Centers Loan Approval Date 9/22/2003 Loan Approval Gross Amount $12,400 Loan Approval from the SBA Of the total $12,400 loan amount, the SBA guaranteed $6,200. More Information on This SBA Loan The borrower borrowed this money for an existing 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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Mountain America Fcu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Mountain America 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: SBA 7A Banks in West Jordan, Utah
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