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April 28, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Salt Lake City, Business Loans > Deseret First Fcu Salt Lake City Business Loans > Cosmetology And Barber Schools Loan | ||||
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How to Get SBA Loans in Pleasant Grove, Utah
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Business Loans for Cosmetology and Barber SchoolsLooking for business loans for cosmetology and barber schools? The SBA may be the answer. This $40,000 cosmetology and barber schools loan was issued by an Utah bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pleasant Grove, Utah was able to borrow $40,000 from Deseret First Fcu. The SBA made the loan possible by guaranteeing $20,000 of this Utah small business loan. SBA Loan Borrower COMPANY TYPE: COSMETOLOGY AND BARBER SCHOOLS SBA Loan Lender DESERET FIRST FCU This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 611511 - Cosmetology and Barber Schools Loan Approval Date 2/6/2007 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 a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Deseret First Fcu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Deseret First Fcu 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: How Much Venture Capital Is There? Best Banks for Small Business in Salt Lake City, Utah
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