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May 19, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Ogden, Business Loans > Bank Of Utah Ogden Business Loans > Frozen Specialty Food Manufacturing Loan | ||||
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Ogden, Utah Bank for SBA Loans
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Ogden, Utah Bank Gives SBA Loan to Frozen Specialty Food Manufacturing CompanyThinking about meeting with an Ogden, Utah bank about a small business loan? Here's one Utah business loan, issued by an Ogden bank, that was approved by the SBA. Applying for an SBA loan with Bank Of Utah worked out well for our friends at one local business in Sunset, Utah. The business was able to get an SBA loan for $110,000. Sweet! SBA Loan Borrower COMPANY TYPE: FROZEN SPECIALTY FOOD MANUFACTURING SBA Loan Lender BANK OF UTAH Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311412 - Frozen Specialty Food Manufacturing Loan Approval Date 11/15/2004 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. 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 9 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 15 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? 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: Obtaining Funding - Getting Venture Capital
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