 |
 |
December 22, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Utah Business Loan Sources > Salt Lake City, Business Loans > Beehive Cu Salt Lake City Business Loans > Outdoor Power Equipment Stores Loan | ||||
 |
||||
Banks Doing SBA Loans in Utah
|
||||
 |
Salt Lake City, Utah Bank Gives SBA Loan to Outdoor Power Equipment Stores CompanyThinking about meeting with a Salt Lake City, Utah bank about a small business loan? Here's one Utah business loan, issued by a Salt Lake City bank, that was approved by the SBA. Applying for an SBA loan with Beehive Cu worked out well for our friends at one local firm in Salt Lake City, Utah. They received an SBA loan for $50,000. Awesome! SBA Loan Borrower COMPANY TYPE: OUTDOOR POWER EQUIPMENT STORES SBA Loan Lender BEEHIVE CU The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 444210 - Outdoor Power Equipment Stores Loan Approval Date 8/2/2006 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Beehive Cu and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Salt Lake City, Utah
|
|
||
|
||||
|
|
||||