America First Fcu Gives SBA Loan to Electronic And Precision Equipment Repair And Maintenance Company
Would an Utah business loan help your company expand? If so, you may want to talk with this Utah bank, which offers SBA loans to Utah entrepreneurs.
By giving the right information to America First Fcu, this Syracuse, Utah business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: ELECTRONIC AND PRECISION EQUIPMENT REPAIR AND MAINTENANCE
SYRACUSE, UT 84075
SBA Loan Lender
AMERICA FIRST FCU
1344 WEST 4675 SOUTH
RIVERDALE, UT 84405
The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
811219 - Electronic and Precision Equipment Repair and Maintenance
Loan Approval Date
11/28/2005
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $12,500.
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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.
Next Steps for Getting an SBA Loan
If you have been wondering how do i get money to start a business in Syracuse UT, you ought to talk with a local Syracuse SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Syracuse businesses.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from America First Fcu 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:
The Art of Bootstrapping
Banks in Riverdale, Utah
Getting an SBA Loan in Utah