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May 14, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > West Valley City, Business Loans > Zions First National Bank West Valley City Business Loans > Farm Supplies Merchant Wholesalers Loan | ||||
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West Valley City, Utah SBA 7A Banks
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West Valley City, Utah Bank Lends Money to Farm Supplies Merchant Wholesalers Company in Ellensburg, WashingtonGet small business loans from a West Valley City, Utah bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. Zions First National Bank is a West Valley City, Utah small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Washington company. SBA Loan Borrower COMPANY TYPE: FARM SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender ZIONS FIRST NATIONAL BANK This small business loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424910 - Farm Supplies Merchant Wholesalers Loan Approval Date 1/12/2006 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $450,000. 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 15 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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 Find an SBA Lender in West Valley City, Utah
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