SBA Loans for Collection Agencies

Looking for SBA loans for collection agencies? Try the SBA. This $710,000 collection agencies loan was issued by an Utah bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Liberty Bank, Inc., out of Salt Lake City, Utah. The loan was granted and they received $710,000 to help grow their Salt Lake City, Utah business.

SBA Loan Borrower

COMPANY TYPE: COLLECTION AGENCIES
SALT LAKE CITY, UT 84106

SBA Loan Lender

LIBERTY BANK, INC.
326 SOUTH 500 EAST
SALT LAKE CITY, UT 84102

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561440 - Collection Agencies

Loan Approval Date

11/30/2004

Loan Approval Gross Amount

$710,000

Loan Approval from the SBA

Of the total $710,000 loan amount, the SBA guaranteed $532,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Obtaining Funding From a Venture Capitalist

SBA Participating Banks in Salt Lake City, Utah

Utah SBA 7A Lenders