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April 25, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Redlands, Business Loans > 1st Centennial Bank Redlands Business Loans > Household Appliance Stores Loan | ||||
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1st Centennial Bank Small Business
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1st Centennial Bank SBA Loan to Household Appliance Stores CompanyAn SBA loan from 1st Centennial Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a West Jordan, Utah business owner got a $78,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Jordan, Utah was able to borrow $78,000 from 1st Centennial Bank. The SBA made the loan possible by guaranteeing $66,300 of this Utah small business loan. SBA Loan Borrower COMPANY TYPE: HOUSEHOLD APPLIANCE STORES SBA Loan Lender 1ST CENTENNIAL BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 443111 - Household Appliance Stores Loan Approval Date 7/27/2004 Loan Approval Gross Amount $78,000 Loan Approval from the SBA Of the total $78,000 loan amount, the SBA guaranteed $66,300. 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 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs. 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 can help you find the best banks for small businesses in West Jordan or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Getting a Business Loan in California
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