Where to Get Capital for Machine Shops

With these small business loans for machine shops, the SBA guarantees the lender that the loan will be repaid. This machine shops loan for $117,100 was given to an Utah entrepreneur in 2006.

Getting a small business loan in Salt Lake City, Utah was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Tooele Fcu, operating out of Tooele, Utah. Here are the details on this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: MACHINE SHOPS
SALT LAKE CITY, UT 84119

SBA Loan Lender

TOOELE FCU
562 N MAIN ST
TOOELE, UT 84074

This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

332710 - Machine Shops

Loan Approval Date

5/30/2006

Loan Approval Gross Amount

$117,100

Loan Approval from the SBA

Of the total $117,100 loan amount, the SBA guaranteed $58,550.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

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

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 Tooele Fcu 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.

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