Sandy, Utah Lender Lends Money to Specialty Trade Contractors Company

Want to talk with a Sandy, Utah bank about a small business loan? Here's one Utah business loan, issued by a Sandy bank, that was approved by the SBA.

Applying for an SBA loan with Jordan Fcu worked out well for our friends at one local company in West Jordan, Utah. They got an SBA loan for $1,577,500. Great job!

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
WEST JORDAN, UT 84084

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 SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238990 - Specialty Trade Contractors

Loan Approval Date

12/23/2004

Loan Approval Gross Amount

$1,577,500

Loan Approval from the SBA

Of the total $1,577,500 loan amount, the SBA guaranteed $1,183,125.

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 3 employees. The loan application did not indicate that the 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 provide money to small business owners for working capital for other expenses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Obtaining Funding - Getting Venture Capital

SBA Banks in Sandy, Utah

SBA Lenders in Utah