Entrepreneur Works With Salt Lake City, Utah Bank to Get an SBA Loan

Thinking about meeting with a Salt Lake City, Utah bank about a 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 Celtic Bank Corporation worked out well for our friends at one local firm in Salt Lake City, Utah. The business was able to get an SBA loan for $710,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: SERVICE INDUSTRY MACHINERY
SALT LAKE CITY, UT 84115

SBA Loan Lender

CELTIC BANK CORPORATION
340 E 400
SALT LAKE CITY, UT 84111

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3589 - Service Industry Machinery

NAICS Code

333319 - Commercial and Service Industry Machinery Manufacturing

Loan Approval Date

12/30/2002

Loan Approval Gross Amount

$710,000

Loan Approval from the SBA

Of the total $710,000 loan amount, the SBA guaranteed $532,500.

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 17 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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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Utah SBA Bank Lenders