Utah SBA Loan Issued to Concrete Contractors Company

Would an Utah bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Utah bank, which offers SBA loans to Utah entrepreneurs.

Getting a small business loan in Layton, Utah was a top priority for this loan applicant back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Prime Alliance Bank. Here are the details on this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: CONCRETE CONTRACTORS
LAYTON, UT 84041

SBA Loan Lender

PRIME ALLIANCE BANK
1868 S 500 WEST
WOODS CROSS, UT 84087

This commercial loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235710 - Concrete Contractors

Loan Approval Date

12/21/2001

Loan Approval Gross Amount

$725,000

Loan Approval from the SBA

Of the total $725,000 loan amount, the SBA guaranteed $543,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 14 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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:

Small Business Loan

Banks in Woods Cross, Utah

SBA Participating Banks in Utah