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May 3, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > West Valley City, Business Loans > Zions First National Bank West Valley City Business Loans > Engineering Services Loan | ||||
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SBA 7A Banks in Idaho
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Business Loans for Engineering ServicesLooking for business loans for engineering services? The SBA may be the answer. This $141,500 engineering services loan was issued by an Utah bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Eagle, Idaho was able to borrow $141,500 from Zions First National Bank. The SBA made the loan possible by guaranteeing $120,275 of this Idaho small business loan. SBA Loan Borrower COMPANY TYPE: ENGINEERING SERVICES SBA Loan Lender ZIONS FIRST NATIONAL BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541330 - Engineering Services Loan Approval Date 5/19/2004 Loan Approval Gross Amount $141,500 Loan Approval from the SBA Of the total $141,500 loan amount, the SBA guaranteed $120,275. 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. The loan application indicated that the loan would help generate 2 new jobs and retain 7 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: Small Business Banks in West Valley City, Utah
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