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May 19, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Saint George, Business Loans > State Bank Of Southern Utah Saint George Business Loans > Medical Laboratories Loan | ||||
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Utah Bank SBA Loans
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State Bank Of Southern Utah SBA Loan to Medical Laboratories CompanySearching for an Utah business loan? Here's one Utah business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in St George, Utah was able to borrow $60,000 from State Bank Of Southern Utah. The SBA made the loan possible by guaranteeing $48,000 of this Utah small business loan. SBA Loan Borrower COMPANY TYPE: MEDICAL LABORATORIES SBA Loan Lender STATE BANK OF SOUTHERN UTAH This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8071 - Medical Laboratories Loan Approval Date 9/14/2000 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $48,000. 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 2 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Browse All Business Loan Sources for Utah
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