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May 6, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Salt Lake City, Business Loans > Bank Of The West Salt Lake City Business Loans > Medical, Dental, And Hospital Equipment And Supplies Wholesalers Loan | ||||
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Banks Doing SBA Loans in Utah
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Salt Lake City, Utah Lender Lends Money to Medical, Dental, And Hospital Equipment And Supplies Wholesalers CompanyA Salt Lake City, Utah SBA loan can be yours. Learn how one firm got a $31,300 business loan from this Utah bank. This loan to a local firm is a good example of an SBA loan. Bank Of The West made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: MEDICAL, DENTAL, AND HOSPITAL EQUIPMENT AND SUPPLIES WHOLESALERS SBA Loan Lender BANK OF THE WEST This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with borrowing money. 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 421450 - Medical, Dental, and Hospital Equipment and Supplies Wholesalers Loan Approval Date 3/25/2002 Loan Approval Gross Amount $31,300 Loan Approval from the SBA Of the total $31,300 loan amount, the SBA guaranteed $26,605. 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 6 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Salt Lake City, Utah
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