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May 14, 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 > Jewelry Stores Loan | ||||
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Banks Doing SBA Loans in Utah
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Saint George, Utah Lender Lends Money to Jewelry Stores CompanyThinking about meeting with a Saint George, Utah bank about a small business loan? Here's one Utah business loan, issued by a Saint George bank, that was approved by the SBA. Applying for an SBA loan with State Bank Of Southern Utah worked out well for our friends at one local business in St. George, Utah. They got an SBA loan for $35,400. Awesome! SBA Loan Borrower COMPANY TYPE: JEWELRY STORES SBA Loan Lender STATE BANK OF SOUTHERN UTAH This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448310 - Jewelry Stores Loan Approval Date 2/4/2002 Loan Approval Gross Amount $35,400 Loan Approval from the SBA Of the total $35,400 loan amount, the SBA guaranteed $30,090. 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 2 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. 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:
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