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May 14, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Provo, Business Loans > Capital Community Bank Provo Business Loans > Automobile And Motor Vehicle Wholesalers Loan | ||||
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Small Business Banks for Orem, Utah Small Businesses
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Automobile and Motor Vehicle Wholesalers Business LoansWith these business loans for automobile and motor vehicle wholesalers, the SBA guarantees the lender that the loan will be repaid. This automobile and motor vehicle wholesalers loan for $255,000 was given to an Utah entrepreneur in 2002. Getting a small business loan in Orem, Utah was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Capital Community Bank, operating out of Provo, Utah. Here are the details on this Utah small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOBILE AND MOTOR VEHICLE WHOLESALERS SBA Loan Lender CAPITAL COMMUNITY BANK This business 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 421110 - Automobile and Motor Vehicle Wholesalers Loan Approval Date 5/29/2002 Loan Approval Gross Amount $255,000 Loan Approval from the SBA Of the total $255,000 loan amount, the SBA guaranteed $191,250. More Information on This SBA Loan The borrower borrowed this money for an existing 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 4 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Capital Community Bank and they will explain how you can get an SBA loan for your company. 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 Approved Banks in Provo, Utah Getting a Business Loan in Utah
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