Loan Census Banking News and Information
November 25, 2024  
 
 
  Business Loan Information  
 

Spanish Fork, Utah Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Raising Money for Stationery, Tablet, and Related Product Manufacturing

Looking for bank loans for stationery, tablet, and related product manufacturing? The SBA may be the answer. This $100,000 stationery, tablet, and related product manufacturing loan was issued by a Virginia bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Spanish Fork, Utah was able to borrow $100,000 from Capital One. The SBA made the loan possible by guaranteeing $50,000 of this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: STATIONERY, TABLET, AND RELATED PRODUCT MANUFACTURING
SPANISH FORK, UT 84660

SBA Loan Lender

CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102

This lender processed this SBA small 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

322233 - Stationery, Tablet, and Related Product Manufacturing

Loan Approval Date

6/1/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

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

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Capital One so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Obtaining Funding - Friends and Family

Small Business Banks in Mclean, Virginia

Virginia SBA Banks