Bank Of American Fork Gives Small Business Loan to Semiconductors And Related Devices Company

UtahSmall business loans are available to Utah small business owners through the SBA. In this case, an Utah bank provides the loan.

Getting a small business loan in Salt Lake City, Utah was a top priority for this small company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bank Of American Fork. Here are the details on this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: SEMICONDUCTORS AND RELATED DEVICES
SALT LAKE CITY, UT 84119

SBA Loan Lender

BANK OF AMERICAN FORK
33 E MAIN
AMERICAN FORK, UT 84003

This loan for a small business 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.

SIC Code

3674 - Semiconductors and Related Devices

NAICS Code

334413 - Semiconductor and Related Device Manufacturing

Loan Approval Date

5/1/2002

Loan Approval Gross Amount

$330,000

Loan Approval from the SBA

Of the total $330,000 loan amount, the SBA guaranteed $247,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 26 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of American Fork are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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