Where to Get Capital for Specialized Long-Distance Freight Trucking

Looking for small business loans for specialized long-distance freight trucking? Talk to a banker who works with the SBA. This $80,800 specialized long-distance freight trucking loan was issued by an Utah bank.

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

SBA Loan Borrower

COMPANY TYPE: SPECIALIZED LONG-DISTANCE FREIGHT TRUCKING
SPANISH FORK, UT 84660

SBA Loan Lender

CENTRAL BANK
1 N MAIN ST
SPANISH FORK, UT 84660

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

484230 - Specialized Long-Distance Freight Trucking

Loan Approval Date

5/8/2001

Loan Approval Gross Amount

$80,800

Loan Approval from the SBA

Of the total $80,800 loan amount, the SBA guaranteed $68,680.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? 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:

Bank Credit Lines

SBA Participating Banks in Spanish Fork, Utah

Utah SBA Bank Lenders