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May 8, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Salt Lake City, Business Loans > Bank Of The West Salt Lake City Business Loans > Eating Places Loan | ||||
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Utah Bank SBA Loans
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Bank Of The West SBA Loan to Eating Places CompanyWant a Colorado business loan? Here's one Colorado business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Grand Lake, Colorado was able to borrow $21,500 from Bank Of The West. The SBA made the loan possible by guaranteeing $17,200 of this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender BANK OF THE WEST This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 6/22/2000 Loan Approval Gross Amount $21,500 Loan Approval from the SBA Of the total $21,500 loan amount, the SBA guaranteed $17,200. 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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of The West so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Family and Friend Investors - Your First Financiers SBA Approved Banks in Salt Lake City, Utah
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