Entrepreneur Works With Tooele, Utah Bank to Get an SBA Loan

Thinking about meeting with a Tooele, Utah bank about an SBA loan? Here's one Utah business loan, issued by a Tooele bank, that was approved by the SBA.

Applying for an SBA loan with Tooele Fcu worked out well for our friends at one local firm in Tooele, Utah. They received an SBA loan for $25,000. Great job!

SBA Loan Borrower

COMPANY TYPE: SNACK AND NONALCOHOLIC BEVERAGE BARS
TOOELE, UT 84074

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

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

5/5/2005

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 an existing business. This loan was not for a franchise. At the time of the loan, the company had 30 employees. The loan application indicated that the loan would help retain 30 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Tooele UT, you ought to talk with a local Tooele SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tooele businesses.

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.

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