Financing for Dimension Stone Mining and Quarrying

With these commercial loans for dimension stone mining and quarrying, the SBA guarantees the lender that the loan will be repaid. This dimension stone mining and quarrying loan for $115,000 was given to an Utah entrepreneur in 2005.

Getting a small business loan in West Bountiful, Utah was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Barnes Banking Company, operating out of Kaysville, Utah. Here are the details on this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: DIMENSION STONE MINING AND QUARRYING
WEST BOUNTIFUL, UT 84087

SBA Loan Lender

BARNES BANKING COMPANY
33 S MAIN ST
KAYSVILLE, UT 84037

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

212311 - Dimension Stone Mining and Quarrying

Loan Approval Date

4/4/2005

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

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 7 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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