Jordan Fcu Gives Small Business Loan to Home Furnishing Merchant Wholesalers Company

Searching for an Utah business loan? This Utah entrepreneur got a business loan, provided by an Utah bank that works with the SBA to help small business owners.

Getting a small business loan in West Jordan, Utah was a top priority for this SBA-financed company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Jordan Fcu. Here are the details on this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: HOME FURNISHING MERCHANT WHOLESALERS
WEST JORDAN, UT 84088

SBA Loan Lender

JORDAN FCU
9260 SOUTH 300 EAST
SANDY, UT 84070

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423220 - Home Furnishing Merchant Wholesalers

Loan Approval Date

3/28/2005

Loan Approval Gross Amount

$337,500

Loan Approval from the SBA

Of the total $337,500 loan amount, the SBA guaranteed $253,125.

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 5 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 Jordan 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.

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