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November 21, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Woods Cross, Business Loans > Prime Alliance Bank Woods Cross Business Loans > Iron And Steel Mills Loan | ||||
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Sandy, Utah Bank for SBA Loans
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Iron and Steel Mills LoansWith these loans for iron and steel mills, the SBA guarantees the lender that the loan will be repaid. This iron and steel mills loan for $1,276,000 was given to an Utah entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sandy, Utah was able to borrow $1,276,000 from Prime Alliance Bank. The SBA made the loan possible by guaranteeing $957,000 of this Utah small business loan. SBA Loan Borrower COMPANY TYPE: IRON AND STEEL MILLS SBA Loan Lender PRIME ALLIANCE BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 331111 - Iron and Steel Mills Loan Approval Date 7/28/2005 Loan Approval Gross Amount $1,276,000 Loan Approval from the SBA Of the total $1,276,000 loan amount, the SBA guaranteed $957,000. 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 54 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Prime Alliance Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Prime Alliance 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: Where to Get an SBA Loan in Woods Cross, Utah Browse All Business Loan Sources for Utah
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