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May 4, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Tooele, Business Loans > Tooele Fcu Tooele Business Loans > Machine Shops Loan | ||||
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Small Business Banks for Salt Lake City, Utah Business Owners
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Where to Get Capital for Machine ShopsWith these small business loans for machine shops, the SBA guarantees the lender that the loan will be repaid. This machine shops loan for $117,100 was given to an Utah entrepreneur in 2006. Getting a small business loan in Salt Lake City, Utah was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Tooele Fcu, operating out of Tooele, Utah. Here are the details on this Utah small business loan. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender TOOELE FCU This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 332710 - Machine Shops Loan Approval Date 5/30/2006 Loan Approval Gross Amount $117,100 Loan Approval from the SBA Of the total $117,100 loan amount, the SBA guaranteed $58,550. 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. This SBA loan request indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Tooele Fcu and they will explain how you can get an SBA loan for your company. 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 From a Venture Capitalist Best Banks for Small Business in Tooele, Utah
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