Zions First National Bank SBA Loan to Residential Remodelers Company

Zions First National Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Utah entrepreneur was able to get a loan to take a small business to the next level.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sandy, Utah was able to borrow $350,700 from Zions First National Bank. The SBA made the loan possible by guaranteeing $263,025 of this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL REMODELERS
SANDY, UT 84094

SBA Loan Lender

ZIONS FIRST NATIONAL BANK
1 S MAIN ST
SALT LAKE CITY, UT 84111

This loan for a small business 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

236118 - Residential Remodelers

Loan Approval Date

12/11/2007

Loan Approval Gross Amount

$350,700

Loan Approval from the SBA

Of the total $350,700 loan amount, the SBA guaranteed $263,025.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Zions First National Bank and they will explain how you can get an SBA loan for your company.

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:

Financing Your Business

SBA 7A Banks in Salt Lake City, Utah

SBA Utah Banks