Loan Census Banking News and Information
December 18, 2024  
 
 
  Business Loan Information  
 

Deseret First Fcu

 

 
Loan Census SBA Loan Info

Business Loan from Deseret First Fcu Given to Child Day Care Services Company

An SBA loan from Deseret First Fcu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Woods Cross, Utah business owner got a $15,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Woods Cross, Utah was able to borrow $15,000 from Deseret First Fcu. The SBA made the loan possible by guaranteeing $7,500 of this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
WOODS CROSS, UT 84087

SBA Loan Lender

DESERET FIRST FCU
2480 S 3850 WEST, STE C
SALT LAKE CITY, UT 84120

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

624410 - Child Day Care Services

Loan Approval Date

3/7/2006

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Woods Cross UT, you ought to talk with a local Woods Cross SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Woods Cross businesses.

We can help you find the best banks for small businesses in Woods Cross or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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