Entrepreneur Works With Salt Lake City, Utah Bank to Get an SBA Loan
Want to talk with a Salt Lake City, Utah bank about an SBA loan? Here's one Wyoming business loan, issued by a Salt Lake City bank, that was approved by the SBA.
Applying for an SBA loan with Deseret First Fcu worked out well for our friends at one local business in Rock Springs, Wyoming. They received an SBA loan for $15,000. Nice!
SBA Loan Borrower
COMPANY TYPE: SUPPORT ACTIVITIES FOR OIL AND GAS OPERATIONS
ROCK SPRINGS, WY 82901
SBA Loan Lender
DESERET FIRST FCU
2480 S 3850 WEST, STE C
SALT LAKE CITY, UT 84120
This lender processed this small 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
213112 - Support Activities for Oil and Gas Operations
Loan Approval Date
10/21/2005
Loan Approval Gross Amount
$15,000
Loan Approval from the SBA
Of the total $15,000 loan amount, the SBA guaranteed $7,500.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 loan application indicated that the loan would help retain 1 existing job.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Business Line of Credit
Where to Get an SBA Loan in Salt Lake City, Utah
Getting an SBA Loan in Utah