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May 18, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Salt Lake City, Business Loans > Zions First National Bank Salt Lake City Business Loans > Sewing, Needlework, And Piece Goods Stores Loan | ||||
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Utah Business Loan from Zions First National Bank
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Payson, Utah Business Gets SBA-Guaranteed Funding from Zions First National BankZions First National Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Utah entrepreneur who tapped into the power of SBA loans. This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Zions First National Bank, out of Salt Lake City, Utah. The loan was granted and they received $20,000 to help grow their Payson, Utah business. SBA Loan Borrower COMPANY TYPE: SEWING, NEEDLEWORK, AND PIECE GOODS STORES SBA Loan Lender ZIONS FIRST NATIONAL BANK This lender processed this bank 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 451130 - Sewing, Needlework, and Piece Goods Stores Loan Approval Date 2/13/2007 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. 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 8 employees. The SBA loan documents indicated that the funding would help generate 8 new jobs. Getting an SBA Loan For Your Business If you want money for new small business in Payson UT, you ought to talk with a local Payson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Payson 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 $20,000 loan. Remember, feel the fear, and do it anyway. 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: Obtaining Funding - Friends and Family Find an SBA Lender in Salt Lake City, Utah
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