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December 25, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > West Valley City, Business Loans > Zions First National Bank West Valley City Business Loans > Tile And Terrazzo Contractors Loan | ||||
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Salt Lake City, Utah Bank Loan
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Local Business Gets an Utah SBA LoanUtahBusiness loans are available to Utah business owners through the SBA. In this case, an Utah bank provides the loan. You can learn something about getting a small business loan in Salt Lake City, Utah by studying this loan to a local business, made back in 2003. Banks like Zions First National Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: TILE AND TERRAZZO CONTRACTORS SBA Loan Lender ZIONS FIRST NATIONAL BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238340 - Tile and Terrazzo Contractors Loan Approval Date 1/22/2003 Loan Approval Gross Amount $139,500 Loan Approval from the SBA Of the total $139,500 loan amount, the SBA guaranteed $118,575. More Information on This SBA Loan The borrower borrowed this money for a new 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 5 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Zions First National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Zions First National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: SBA 7A Banks for West Valley City, Utah Loans
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