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May 8, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Layton, Business Loans > America West Bank Layton Business Loans > Sign Manufacturing Loan | ||||
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Requirements for Small Business Owners On Getting a Loan
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Raising Money for Sign ManufacturingLooking for business loans for sign manufacturing? Try the SBA. This $144,500 sign manufacturing loan was issued by an Utah bank. This small 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 2000. The lending bank was America West Bank, based in Layton, Utah. SBA Loan Borrower COMPANY TYPE: SIGN MANUFACTURING SBA Loan Lender AMERICA WEST BANK This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. 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. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339950 - Sign Manufacturing Loan Approval Date 12/22/2000 Loan Approval Gross Amount $144,500 Loan Approval from the SBA Of the total $144,500 loan amount, the SBA guaranteed $108,375. 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 application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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. Related Links: Best Banks for Small Business in Layton, Utah
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