SBA Loan from Continental Bank Helps Book Publishers Company

An SBA loan from Continental Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a West Valley City, Utah business owner got a $485,500 loan.

This growing company knew how to go about getting a business bank loan. Based in West Valley City, Utah, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Continental Bank, based in Salt Lake City, Utah.

SBA Loan Borrower

COMPANY TYPE: BOOK PUBLISHERS
WEST VALLEY CITY, UT 84149

SBA Loan Lender

CONTINENTAL BANK
15 W SOUTH TEMPLE ST, STE 420
SALT LAKE CITY, UT 84101

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511130 - Book Publishers

Loan Approval Date

5/2/2005

Loan Approval Gross Amount

$485,500

Loan Approval from the SBA

Of the total $485,500 loan amount, the SBA guaranteed $364,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 35 employees. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? 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.

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