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November 15, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Sacramento, Business Loans > Comerica Bank Sacramento Business Loans > Dental Equipment And Supplies Manufacturing Loan | ||||
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We Needed an SBA Loan in Salt Lake City, Utah and We Got One!
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Borrowing Money for Dental Equipment and Supplies ManufacturingWith these loans for dental equipment and supplies manufacturing, the SBA guarantees the lender that the loan will be repaid. This dental equipment and supplies manufacturing loan for $324,800 was given to an Utah entrepreneur in 2005. This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Comerica Bank, out of Sacramento, California. The loan was granted and they received $324,800 to help grow their Salt Lake City, Utah business. SBA Loan Borrower COMPANY TYPE: DENTAL EQUIPMENT AND SUPPLIES MANUFACTURING SBA Loan Lender COMERICA BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339114 - Dental Equipment and Supplies Manufacturing Loan Approval Date 10/12/2005 Loan Approval Gross Amount $324,800 Loan Approval from the SBA Of the total $324,800 loan amount, the SBA guaranteed $243,600. 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 10 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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 Comerica Bank 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: Family and Friend Investors - Your First Financiers Good Banks for Small Business in Sacramento, California Browse All Business Loan Sources for California
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