Loan Census Banking News and Information
November 21, 2024  
 
 
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Salt Lake City, Utah Bank Loan

 

 
Loan Census SBA Loan Info

Commercial Loans for Wood Kitchen Cabinet and Countertop Manufacturing

Looking for commercial loans for wood kitchen cabinet and countertop manufacturing? Try the SBA. This $100,000 wood kitchen cabinet and countertop manufacturing loan was issued by an Utah bank.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Granite Fcu, out of Salt Lake City, Utah. The loan was granted and they received $100,000 to help grow their Salt Lake City, Utah business.

SBA Loan Borrower

COMPANY TYPE: WOOD KITCHEN CABINET AND COUNTERTOP MANUFACTURING
SALT LAKE CITY, UT 84120

SBA Loan Lender

GRANITE FCU
3675 S 900 EAST
SALT LAKE CITY, UT 84106

This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

337110 - Wood Kitchen Cabinet and Countertop Manufacturing

Loan Approval Date

11/13/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

The Friends and Family Network

SBA 7A Banks in Salt Lake City, Utah

Find an SBA Lender in Utah