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May 5, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Cedar City, Business Loans > State Bank Of Southern Utah Cedar City Business Loans > Concrete Contractors Loan | ||||
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Advice for Small Business Owners On Getting a Loan
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Financing for Concrete ContractorsWith these commercial loans for concrete contractors, the SBA guarantees the lender that the loan will be repaid. This concrete contractors loan for $265,000 was given to an Utah entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Parowan, Utah was able to borrow $265,000 from State Bank Of Southern Utah. The SBA made the loan possible by guaranteeing $198,750 of this Utah small business loan. SBA Loan Borrower COMPANY TYPE: CONCRETE CONTRACTORS SBA Loan Lender STATE BANK OF SOUTHERN UTAH The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235710 - Concrete Contractors Loan Approval Date 1/4/2005 Loan Approval Gross Amount $265,000 Loan Approval from the SBA Of the total $265,000 loan amount, the SBA guaranteed $198,750. 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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to raise money for a company in Parowan UT, you ought to talk with a local Parowan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Parowan businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $265,000 loan. Remember, anyone can do it... so why not you? 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 Banks in Cedar City, Utah
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