Salt Lake City, Utah Entrepreneur Gets a Bank Loan
UtahBank loans are available to Utah firms through the SBA. In this case, an Utah bank provides the loan.
Getting a small business loan in Salt Lake City, Utah was a top priority for this loan applicant back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Tooele Fcu. Here are the details on this Utah small business loan.
SBA Loan Borrower
COMPANY TYPE: CHIROPRACTORS
SALT LAKE CITY, UT 84115
SBA Loan Lender
TOOELE FCU
562 N MAIN ST
TOOELE, UT 84074
The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
621310 - Chiropractors
Loan Approval Date
11/15/2006
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
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 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
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 Tooele Fcu 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:
Determining Proper Capital Structure for a Business
SBA 7A Banks in Tooele, Utah
Getting a Business Loan in Utah