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May 5, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Cedar City, Business Loans > State Bank Of Southern Utah Cedar City Business Loans > Couriers And Express Delivery Services Loan | ||||
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Utah Business Loan from State Bank Of Southern Utah
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Business Loan from State Bank Of Southern Utah Given to Couriers And Express Delivery Services CompanyAn SBA loan from State Bank Of Southern Utah typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cedar, Utah business owner got a $64,800 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cedar, Utah was able to borrow $64,800 from State Bank Of Southern Utah. The SBA made the loan possible by guaranteeing $55,080 of this Utah small business loan. SBA Loan Borrower COMPANY TYPE: COURIERS AND EXPRESS DELIVERY SERVICES SBA Loan Lender STATE BANK OF SOUTHERN UTAH This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 492110 - Couriers and Express Delivery Services Loan Approval Date 6/21/2002 Loan Approval Gross Amount $64,800 Loan Approval from the SBA Of the total $64,800 loan amount, the SBA guaranteed $55,080. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. This SBA loan was for $64,800. How would you spend $64,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Family and Friend Investors - Your First Financiers Where to Get an SBA Loan in Cedar City, Utah
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