Raising Money for Child and Youth Services
Looking for bank loans for child and youth services? The SBA may be the answer. This $435,000 child and youth services loan was issued by an Utah bank.
Getting a small business loan in Spanish Fork (corporate Name F, Utah was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Americanwest Bank, operating out of Provo, Utah. Here are the details on this Utah small business loan.
SBA Loan Borrower
COMPANY TYPE: CHILD AND YOUTH SERVICES
SPANISH FORK (CORPORATE NAME F, UT 84660
SBA Loan Lender
AMERICANWEST BANK
201 E CENTER ST
PROVO, UT 84606
This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
624110 - Child and Youth Services
Loan Approval Date
6/19/2003
Loan Approval Gross Amount
$435,000
Loan Approval from the SBA
Of the total $435,000 loan amount, the SBA guaranteed $326,250.
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 11 employees. The loan application indicated that the loan would help generate 1 new job and retain 11 existing jobs.
Next Steps for Getting an SBA Loan
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $435,000 loan. Remember, if it to be, it is up to me!
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:
Alternative Financing
SBA Banks in Provo, Utah
SBA Lenders in Utah