West Valley City, Utah Lender Lends Money to Residential Care Company

Thinking about meeting with a West Valley City, Utah bank about a small business loan? Here's one Utah 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 company in West Valley City, Utah. They got an SBA loan for $793,500. Way to go!

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL CARE
WEST VALLEY CITY, UT 84119

SBA Loan Lender

ZIONS FIRST NATIONAL BANK
2460 SOUTH 3270 WEST, SBA DEP
WEST VALLEY CITY, UT 84119

This SBA loan was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8361 - Residential Care

NAICS Code

623312 - Homes for the Elderly

Loan Approval Date

3/2/2001

Loan Approval Gross Amount

$793,500

Loan Approval from the SBA

Of the total $793,500 loan amount, the SBA guaranteed $595,125.

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 only one employee. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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:

Accountant's Role in Securing Financing

SBA Banks in West Valley City, Utah

Getting an SBA Loan in Utah