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November 22, 2024  
 
 
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SBA 7A Banks for West Jordan Small Business Owners

 

 
Loan Census SBA Loan Info

Borrowing Money for Home Furnishing Merchant Wholesalers

Looking for loans for home furnishing merchant wholesalers? The SBA may be the answer. This $35,000 home furnishing merchant wholesalers loan was issued by an Utah bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Tooele Fcu, out of Tooele, Utah. The loan was granted and they received $35,000 to help grow their West Jordan, Utah business.

SBA Loan Borrower

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

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

423220 - Home Furnishing Merchant Wholesalers

Loan Approval Date

4/19/2005

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $17,500.

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 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $35,000. How would you spend $35,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

SBIR Funding

SBA Banks in Tooele, Utah

Find an SBA Lender in Utah