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December 18, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Taos, Business Loans > First Community Bank Taos Business Loans > Nonscheduled Air Transportation Loan | ||||
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First Community Bank Business Loans
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Business Loan from First Community Bank Given to Nonscheduled Air Transportation CompanyFirst Community Bank has a track record as a leading provider of SBA loans. Find out how this Utah entrepreneur received an SBA loan from them. This growing company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with First Community Bank, out of Taos, New Mexico. The loan was granted and they received $160,000 to help grow their Salt Lake City, Utah business. SBA Loan Borrower COMPANY TYPE: NONSCHEDULED AIR TRANSPORTATION SBA Loan Lender FIRST COMMUNITY BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 481219 - Nonscheduled Air Transportation Loan Approval Date 7/27/2004 Loan Approval Gross Amount $160,000 Loan Approval from the SBA Of the total $160,000 loan amount, the SBA guaranteed $120,000. 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 35 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Best Banks in Taos, New Mexico
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