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May 19, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Park City, Business Loans > Frontier Bank, Fsb Park City Business Loans > Photography Studios, Portrait Loan | ||||
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How to Get SBA Loans in Park City, Utah
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Getting an SBA Loan for Photography Studios, PortraitLooking for commercial loans for photography studios, portrait? The SBA may be the answer. This $40,000 photography studios, portrait loan was issued by an Utah bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Park City, Utah was able to borrow $40,000 from Frontier Bank, Fsb. The SBA made the loan possible by guaranteeing $20,000 of this Utah small business loan. SBA Loan Borrower COMPANY TYPE: PHOTOGRAPHY STUDIOS, PORTRAIT SBA Loan Lender FRONTIER BANK, FSB This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541921 - Photography Studios, Portrait Loan Approval Date 10/2/2003 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $20,000. 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 only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Frontier Bank, Fsb had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Frontier Bank, Fsb 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: Best Park City, Utah Banks for Small Business
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