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May 15, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Provo, Business Loans > Capital Community Bank Provo Business Loans > Local Trucking Without Storage Loan | ||||
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SBA 7A Banks in Utah
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Where to Get Capital for Specialized Local Freight TruckingLooking for SBA loans for specialized local freight trucking? Talk to a banker who works with the SBA. This $500,000 specialized local freight trucking loan was issued by an Utah bank. This business knew how to go about getting a business bank loan. Based in Mapleton, Utah, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Capital Community Bank, based in Provo, Utah. SBA Loan Borrower COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE SBA Loan Lender CAPITAL COMMUNITY BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4212 - Local Trucking Without Storage NAICS Code 484220 - Specialized Local Freight Trucking Loan Approval Date 1/9/2003 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start business in Mapleton UT, you ought to talk with a local Mapleton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mapleton businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Capital Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Capital Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: The Friends and Family Network Best Provo, Utah Banks for Small Business
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