West Jordan, Utah Bank Gives SBA Loan to Lighting Equipment Manufacturing Company

Thinking about meeting with a West Jordan, Utah bank about an SBA loan? Here's one Utah business loan, issued by a West Jordan bank, that was approved by the SBA.

Applying for an SBA loan with Mountain America Fcu worked out well for our friends at one local company in West Jordan, Utah. They received an SBA loan for $23,600. Great job!

SBA Loan Borrower

COMPANY TYPE: LIGHTING EQUIPMENT MANUFACTURING
WEST JORDAN, UT 84088

SBA Loan Lender

MOUNTAIN AMERICA FCU
7181 S CAMPUS VIEW DR
WEST JORDAN, UT 84084

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

335129 - Lighting Equipment Manufacturing

Loan Approval Date

11/3/2004

Loan Approval Gross Amount

$23,600

Loan Approval from the SBA

Of the total $23,600 loan amount, the SBA guaranteed $11,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $23,600 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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 West Jordan, Utah

Utah SBA 7A Banks