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December 22, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Salt Lake City, Business Loans > Celtic Bank Corporation Salt Lake City Business Loans > Used Car Dealers Loan | ||||
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Utah Small Business Funding
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Bank Loans for Used Car DealersLooking for bank loans for used car dealers? The SBA may be the answer. This $1,252,000 used car dealers loan was issued by an Utah bank. This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Celtic Bank Corporation, out of Salt Lake City, Utah. The loan was granted and they received $1,252,000 to help grow their Vernal, Utah business. SBA Loan Borrower COMPANY TYPE: USED CAR DEALERS SBA Loan Lender CELTIC BANK CORPORATION This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441120 - Used Car Dealers Loan Approval Date 5/19/2004 Loan Approval Gross Amount $1,252,000 Loan Approval from the SBA Of the total $1,252,000 loan amount, the SBA guaranteed $939,000. 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 8 employees. The loan application indicated that the borrowed money would help create 3 new jobs. Getting an SBA Loan For Your Business If you need business start up money in Vernal UT, you ought to talk with a local Vernal SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Vernal businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,252,000 loan. Remember, things become real when you believe you can achieve them! 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: Who Lends Money to Small Businesses in Salt Lake City, Utah
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