 |
 |
May 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Utah Business Loan Sources > Provo, Business Loans > Capital Community Bank Provo Business Loans > Men's And Boys' Suits, Coats And Overcoats Loan | ||||
 |
||||
Provo, Utah SBA 7A Banks
|
||||
 |
Provo, Utah Bank Gives SBA Loan to Men's And Boys' Suits, Coats And Overcoats CompanyFind Provo, Utah banks that specialize in SBA loans and know how to work with entrepreneurs. Capital Community Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Orem, Utah starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Capital Community Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: MEN'S AND BOYS' SUITS, COATS AND OVERCOATS SBA Loan Lender CAPITAL COMMUNITY 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. SIC Code 2311 - Men's and Boys' Suits, Coats and Overcoats Loan Approval Date 5/18/2000 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $24,000. 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 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding. This SBA loan was for $30,000. How would you spend $30,000 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: Raising VC Money for Social Networking Companies
|
|
||
|
||||
|
|
||||