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November 21, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Provo, Business Loans > Central Bank Provo Business Loans > Grocery Stores Loan | ||||
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Central Bank Small Business Loans Santaquin
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Business Loan from Central Bank Given to Grocery Stores CompanyCentral Bank has a track record as a leading provider of SBA loans. Find out how this Utah entrepreneur received an SBA loan from them. Getting a small business loan in Santaquin, Utah was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Central Bank, operating out of Provo, Utah. Here are the details on this Utah small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender CENTRAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores NAICS Code 445120 - Convenience Stores Loan Approval Date 7/26/2001 Loan Approval Gross Amount $769,000 Loan Approval from the SBA Of the total $769,000 loan amount, the SBA guaranteed $576,750. 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 15 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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: Good Banks for Small Business in Provo, Utah
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