Getting an SBA Loan for Plate Work Manufacturing
With these SBA loans for plate work manufacturing, the SBA guarantees the lender that the loan will be repaid. This plate work manufacturing loan for $179,100 was given to an Utah entrepreneur in 2002.
Getting a small business loan in Salt Lake City, Utah was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Utah, operating out of Ogden, Utah. Here are the details on this Utah small business loan.
SBA Loan Borrower
COMPANY TYPE: PLATE WORK MANUFACTURING
SALT LAKE CITY, UT 84116
SBA Loan Lender
BANK OF UTAH
2605 WASHINGTON BLVD
OGDEN, UT 84401
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
332313 - Plate Work Manufacturing
Loan Approval Date
6/11/2002
Loan Approval Gross Amount
$179,100
Loan Approval from the SBA
Of the total $179,100 loan amount, the SBA guaranteed $134,325.
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 9 employees. This SBA loan request indicated that the loan would help generate 9 new jobs and retain 12 existing jobs.
Getting an SBA Loan For Your Business
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $179,100 loan. Remember, if it to be, it is up to me!
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:
Microlending as a Small Business Funding Source
Where to Get an SBA Loan in Ogden, Utah
SBA Participating Banks in Utah