SBA Loans for Dry, Condensed, and Evaporated Dairy Product Manufacturing
With these SBA loans for dry, condensed, and evaporated dairy product manufacturing, the SBA guarantees the lender that the loan will be repaid. This dry, condensed, and evaporated dairy product manufacturing loan for $75,000 was given to an Utah entrepreneur in 2004.
This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Central Bank, out of Provo, Utah. The loan was granted and they received $75,000 to help grow their Spanish Fork, Utah business.
SBA Loan Borrower
COMPANY TYPE: DRY, CONDENSED, AND EVAPORATED DAIRY PRODUCT MANUFACTURING
SPANISH FORK, UT 84660
SBA Loan Lender
CENTRAL BANK
75 N UNIVERSITY AVE
PROVO, UT 84601
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
311514 - Dry, Condensed, and Evaporated Dairy Product Manufacturing
Loan Approval Date
11/23/2004
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $63,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 22 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
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.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Financing Your Business
SBA Participating Banks in Provo, Utah
Utah SBA 7A Lenders