West Jordan, Utah Business Gets SBA-Guaranteed Funding from Jordan Fcu

An SBA loan from Jordan Fcu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a West Jordan, Utah business owner got a $25,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Jordan, Utah was able to borrow $25,000 from Jordan Fcu. The SBA made the loan possible by guaranteeing $12,500 of this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: LAWYERS
WEST JORDAN, UT 84088

SBA Loan Lender

JORDAN FCU
9260 SOUTH 300 EAST
SANDY, UT 84070

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

541110 - Lawyers

Loan Approval Date

9/22/2006

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 a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start business in West Jordan UT, you ought to talk with a local West Jordan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to West Jordan businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Jordan Fcu that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

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SBA Approved Banks in Sandy, Utah

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