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May 3, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Henderson, Business Loans > Silver State Bank Henderson Business Loans > Lessors Of Residential Buildingsv And Dwellings Loan | ||||
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SBA 7A Banks for Salt Lake City, Utah Small Businesses
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Utah SBA Loan Issued to Lessors Of Residential Buildingsv And Dwellings CompanyUtahSmall business loans are available to Utah small business owners through the SBA. In this case, a Nevada bank provides the loan. Getting a small business loan in Salt Lake City, Utah was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Silver State Bank. Here are the details on this Utah small business loan. SBA Loan Borrower COMPANY TYPE: LESSORS OF RESIDENTIAL BUILDINGSV AND DWELLINGS SBA Loan Lender SILVER STATE BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 531110 - Lessors of Residential Buildingsv and Dwellings Loan Approval Date 7/13/2007 Loan Approval Gross Amount $1,783,000 Loan Approval from the SBA Of the total $1,783,000 loan amount, the SBA guaranteed $1,337,250. 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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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: Advice on Getting a Small Business Loan Find an SBA Lender in Henderson, Nevada
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