Getting an SBA Loan for Consumer Goods Rental

With these SBA loans for consumer goods rental, the SBA guarantees the lender that the loan will be repaid. This consumer goods rental loan for $60,000 was given to an Utah entrepreneur in 2004.

This business knew how to go about getting a business bank loan. Based in Kaysville, Utah, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Barnes Banking Company, based in Kaysville, Utah.

SBA Loan Borrower

COMPANY TYPE: CONSUMER GOODS RENTAL
KAYSVILLE, UT 84037

SBA Loan Lender

BARNES BANKING COMPANY
33 S MAIN ST
KAYSVILLE, UT 84037

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532299 - Consumer Goods Rental

Loan Approval Date

1/2/2004

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Kaysville UT, you ought to talk with a local Kaysville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Kaysville businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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