Where to Get Capital for Appliance Repair and Maintenance

Looking for SBA loans for appliance repair and maintenance? Talk to a banker who works with the SBA. This $20,000 appliance repair and maintenance loan was issued by an Utah bank.

This business knew how to go about getting a business bank loan. Based in Sierra Vista, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Tooele Fcu, based in Tooele, Utah.

SBA Loan Borrower

COMPANY TYPE: APPLIANCE REPAIR AND MAINTENANCE
SIERRA VISTA, AZ 85635

SBA Loan Lender

TOOELE FCU
562 N MAIN ST
TOOELE, UT 84074

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

811412 - Appliance Repair and Maintenance

Loan Approval Date

1/23/2007

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Tooele Fcu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Tooele Fcu 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:

Dealing With Venture Capitalists

SBA Approved Banks in Tooele, Utah

SBA Utah Lenders