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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 > Accounting, Auditing, And Bookkeeping Services Loan | ||||
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Provo, Utah SBA 7A Banks
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Provo, Utah Bank Gives SBA Loan to Accounting, Auditing, And Bookkeeping Services CompanyGet small business loans from a Provo, Utah bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. Capital Community Bank is a Provo, Utah small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Utah company. SBA Loan Borrower COMPANY TYPE: ACCOUNTING, AUDITING, AND BOOKKEEPING SERVICES SBA Loan Lender CAPITAL COMMUNITY BANK This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8721 - Accounting, Auditing, and Bookkeeping Services NAICS Code 524298 - Insurance Related Activities Loan Approval Date 2/12/2001 Loan Approval Gross Amount $95,000 Loan Approval from the SBA Of the total $95,000 loan amount, the SBA guaranteed $80,750. 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 10 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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:
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