Business Loan from 1st National Bank - Layton Given to Gasoline Stations With Convenience Stores Company
An SBA loan from 1st National Bank - Layton typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Salt Lake City, Utah business owner got a $326,500 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Salt Lake City, Utah was able to borrow $326,500 from 1st National Bank - Layton. The SBA made the loan possible by guaranteeing $244,875 of this Utah small business loan.
SBA Loan Borrower
COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
SALT LAKE CITY, UT 84123
SBA Loan Lender
1ST NATIONAL BANK - LAYTON
12 S MAIN ST
LAYTON, UT 84041
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
447110 - Gasoline Stations with Convenience Stores
Loan Approval Date
8/20/2004
Loan Approval Gross Amount
$326,500
Loan Approval from the SBA
Of the total $326,500 loan amount, the SBA guaranteed $244,875.
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 3 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start business in Salt Lake City UT, you ought to talk with a local Salt Lake City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Salt Lake City businesses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like 1st National Bank - Layton that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Business Credit Evaluation
SBA Approved Banks in Layton, Utah
SBA Lenders in Utah