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May 9, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Bountiful, Business Loans > 1st National Bank - Layton Bountiful Business Loans > Machine Tool Accessories Loan | ||||
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Utah Bank SBA Loans
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1st National Bank - Layton SBA Loan to Machine Tool Accessories CompanyLooking to get an Utah business loan? Here's one Utah business loan that was approved by the SBA. This small business needed an SBA business loan in Layton, Utah back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from 1st National Bank - Layton, operating out of Bountiful, Utah. Here are the details on this Utah small business loan. SBA Loan Borrower COMPANY TYPE: MACHINE TOOL ACCESSORIES SBA Loan Lender 1ST NATIONAL BANK - LAYTON This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3545 - Machine Tool Accessories Loan Approval Date 4/11/2000 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $40,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Good Banks for Small Business in Bountiful, Utah
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