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April 27, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Salt Lake City, Business Loans > Continental Bank Salt Lake City Business Loans > Solid Waste Collection Loan | ||||
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SBA Lender Highland Utah
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Solid Waste Collection Commercial LoansLooking for commercial loans for solid waste collection? The SBA may be the answer. This $800,000 solid waste collection loan was issued by an Utah bank. This business knew how to go about getting a business bank loan. Based in Highland, Utah, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Continental Bank, based in Salt Lake City, Utah. SBA Loan Borrower COMPANY TYPE: SOLID WASTE COLLECTION SBA Loan Lender CONTINENTAL BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 562111 - Solid Waste Collection Loan Approval Date 4/27/2006 Loan Approval Gross Amount $800,000 Loan Approval from the SBA Of the total $800,000 loan amount, the SBA guaranteed $600,000. 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 loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Continental Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Salt Lake City, Utah Banks for Small Business
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