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November 14, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Salt Lake City, Business Loans > Celtic Bank Corporation Salt Lake City Business Loans > Hand And Edge Tool Manufacturing Loan | ||||
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Getting a Small Business Loan in Salt Lake City, Utah
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Celtic Bank Corporation Gives SBA Loan to Hand And Edge Tool Manufacturing CompanyWant an Utah small business loan? This Utah entrepreneur got a small business loan, provided by an Utah bank that works with the SBA to help small business owners. Getting a small business loan in Salt Lake City, Utah was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Celtic Bank Corporation. Here are the details on this Utah small business loan. SBA Loan Borrower COMPANY TYPE: HAND AND EDGE TOOL MANUFACTURING SBA Loan Lender CELTIC BANK CORPORATION This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 332212 - Hand and Edge Tool Manufacturing Loan Approval Date 3/19/2007 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Celtic Bank Corporation are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Borrowing Money from Friends and Family Best Salt Lake City, Utah Banks for Small Business
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