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November 14, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > West Valley City, Business Loans > Zions First National Bank West Valley City Business Loans > Automobile Manufacturing Loan | ||||
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West Valley City Bank Loan
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West Valley City, Utah Bank Gives SBA Loan to Automobile Manufacturing CompanyThinking about meeting with a West Valley City, Utah bank about an SBA loan? Here's one Washington business loan, issued by a West Valley City bank, that was approved by the SBA. Applying for an SBA loan with Zions First National Bank worked out well for our friends at one local business in West Richland, Washington. They received an SBA loan for $150,000. Sweet! SBA Loan Borrower COMPANY TYPE: AUTOMOBILE MANUFACTURING SBA Loan Lender ZIONS FIRST NATIONAL BANK 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 336111 - Automobile Manufacturing Loan Approval Date 4/21/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 generate 2 new jobs and retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Best Banks in West Valley City, Utah
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