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December 22, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Provo, Business Loans > Central Bank Provo Business Loans > Data Processing, Hosting, And Related Services Loan | ||||
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SBA Lenders in Utah
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Data Processing, Hosting, and Related Services SBA LoansLooking for SBA loans for data processing, hosting, and related services? Try the SBA. This $25,600 data processing, hosting, and related services loan was issued by an Utah bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sandy, Utah was able to borrow $25,600 from Central Bank. The SBA made the loan possible by guaranteeing $12,800 of this Utah small business loan. SBA Loan Borrower COMPANY TYPE: DATA PROCESSING, HOSTING, AND RELATED SERVICES SBA Loan Lender CENTRAL BANK This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 518210 - Data Processing, Hosting, and Related Services Loan Approval Date 7/21/2004 Loan Approval Gross Amount $25,600 Loan Approval from the SBA Of the total $25,600 loan amount, the SBA guaranteed $12,800. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 1 existing job. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a business in Sandy UT, you ought to talk with a local Sandy SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sandy businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Central Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Central 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: Realistic Debt Financing Options Who Lends Money to Small Businesses in Provo, Utah
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