SBA Loan from Celtic Bank Corporation Helps Office Machinery And Equipment Rental And Leasing Company
An SBA loan from Celtic Bank Corporation 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 $1,850,000 loan.
This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Celtic Bank Corporation, out of Salt Lake City, Utah. The loan was granted and they received $1,850,000 to help grow their Salt Lake City, Utah business.
SBA Loan Borrower
COMPANY TYPE: OFFICE MACHINERY AND EQUIPMENT RENTAL AND LEASING
SALT LAKE CITY, UT 84115
SBA Loan Lender
CELTIC BANK CORPORATION
340 E 400
SALT LAKE CITY, UT 84111
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
532420 - Office Machinery and Equipment Rental and Leasing
Loan Approval Date
2/10/2006
Loan Approval Gross Amount
$1,850,000
Loan Approval from the SBA
Of the total $1,850,000 loan amount, the SBA guaranteed $1,387,500.
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 10 employees. The SBA loan application for the borrower indicated that the loan would help retain 10 existing jobs.
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SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
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.
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