Utah SBA Loan Issued to Telephone Answering Services Company

Small business loans in Utah are tough to come by these days. We take a look at one Utah small business loan, provided by an Utah bank, that was approved by the SBA.

Getting a small business loan in Salt Lake City, Utah was a top priority for this small company back in 2003 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: TELEPHONE ANSWERING SERVICES
SALT LAKE CITY, UT 84107

SBA Loan Lender

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

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

561421 - Telephone Answering Services

Loan Approval Date

12/1/2003

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 an existing business. This loan was not for a franchise. At the time of the loan, the company had 23 employees. This SBA loan request indicated that the loan would help generate 23 new jobs and retain 23 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $50,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Business Line of Credit

Small Bank Loans in American Fork, Utah

Getting an SBA Loan in Utah