Industrial Machinery and Equipment Merchant Wholesalers Business Loans

Looking for business loans for industrial machinery and equipment merchant wholesalers? The SBA may be the answer. This $471,500 industrial machinery and equipment merchant wholesalers loan was issued by an Utah bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with America West Bank, out of Layton, Utah. The loan was granted and they received $471,500 to help grow their Salt Lake City, Utah business.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL MACHINERY AND EQUIPMENT MERCHANT WHOLESALERS
SALT LAKE CITY, UT 84120

SBA Loan Lender

AMERICA WEST BANK
476 W HERITAGE PARK BLVD, STE
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

423830 - Industrial Machinery and Equipment Merchant Wholesalers

Loan Approval Date

3/21/2006

Loan Approval Gross Amount

$471,500

Loan Approval from the SBA

Of the total $471,500 loan amount, the SBA guaranteed $353,625.

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 75 employees. This SBA loan request indicated that the loan would help retain 75 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. America West Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, America West Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Small Business Credit Cards

Where to Get an SBA Loan in Layton, Utah

Utah SBA 7A Lenders