Loan Census Banking News and Information
May 18, 2024  
 
 
  Business Loan Information  
 

Banks for Sandy, Utah Small Businesses

 

 
Loan Census SBA Loan Info

Financing for Glass and Glazing Contractors

Looking for commercial loans for glass and glazing contractors? Talk to a banker who works with the SBA. This $371,000 glass and glazing contractors loan was issued by an Utah bank.

This business knew how to go about getting a business bank loan. Based in Sandy, Utah, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Bank Of Utah, based in Ogden, Utah.

SBA Loan Borrower

COMPANY TYPE: GLASS AND GLAZING CONTRACTORS
SANDY, UT 84084

SBA Loan Lender

BANK OF UTAH
2605 WASHINGTON BLVD
OGDEN, UT 84401

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235920 - Glass and Glazing Contractors

Loan Approval Date

1/9/2001

Loan Approval Gross Amount

$371,000

Loan Approval from the SBA

Of the total $371,000 loan amount, the SBA guaranteed $278,250.

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 65 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 65 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of Utah had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of Utah 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:

Business Incubators

Banks in Ogden, Utah

Utah SBA 7A Lenders