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May 15, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Sandy, Business Loans > First Utah Bank Sandy Business Loans > Consumer Goods Rental Loan | ||||
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Raising Money in West Jordan, Utah With SBA Loans
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Consumer Goods Rental Bank LoansLooking for bank loans for consumer goods rental? An SBA loan may be just what you've been looking for. This $130,000 consumer goods rental loan was issued by an Utah bank. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with First Utah Bank, out of Sandy, Utah. The loan was granted and they received $130,000 to help grow their West Jordan, Utah business. SBA Loan Borrower COMPANY TYPE: CONSUMER GOODS RENTAL SBA Loan Lender FIRST UTAH BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 532299 - Consumer Goods Rental Loan Approval Date 11/16/2001 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $110,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds 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 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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