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May 6, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Salt Lake City, Business Loans > Brighton Bank Salt Lake City Business Loans > Commercial Bakeries Loan | ||||
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I Need an SBA 7A Loan in Magna, Utah
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Financing for Commercial BakeriesLooking for loans for commercial bakeries? Talk to a banker who works with the SBA. This $115,000 commercial bakeries loan was issued by an Utah bank. This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Brighton Bank, out of Salt Lake City, Utah. The loan was granted and they received $115,000 to help grow their Magna, Utah business. SBA Loan Borrower COMPANY TYPE: COMMERCIAL BAKERIES SBA Loan Lender BRIGHTON BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311812 - Commercial Bakeries Loan Approval Date 3/19/2002 Loan Approval Gross Amount $115,000 Loan Approval from the SBA Of the total $115,000 loan amount, the SBA guaranteed $97,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This SBA loan was for $115,000. How would you spend $115,000 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: SBA Banks in Salt Lake City, Utah
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