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May 18, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Highland, Business Loans > Bank Of American Fork Highland Business Loans > Professional And Management Development Training Loan | ||||
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Highland, Utah SBA Lenders
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Highland, Utah Bank Lends Money to Professional And Management Development Training Company in American Fork, UtahThinking about meeting with a Highland, Utah bank about a small business loan? Here's one Utah business loan, issued by a Highland bank, that was approved by the SBA. Applying for an SBA loan with Bank Of American Fork worked out well for our friends at one local company in American Fork, Utah. They received an SBA loan for $98,000. Nice! SBA Loan Borrower COMPANY TYPE: PROFESSIONAL AND MANAGEMENT DEVELOPMENT TRAINING SBA Loan Lender BANK OF AMERICAN FORK This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611430 - Professional and Management Development Training Loan Approval Date 5/18/2001 Loan Approval Gross Amount $98,000 Loan Approval from the SBA Of the total $98,000 loan amount, the SBA guaranteed $83,300. 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 6 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you need seed money for a small 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: Determining Proper Capital Structure for a Business Best Banks for Small Business in Highland, Utah
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