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May 9, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Fabricated Structural Metal Loan | ||||
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Who Lends Money to Lindon Entrepreneurs
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Utah Small Business Loan Issued to Fabricated Structural Metal CompanyWould an Utah business loan help your company expand? If so, you may want to talk with this Missouri bank, which offers SBA loans to Utah entrepreneurs. This small business, based in Lindon, Utah, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Ge Cap. Small Business Finan Corp. We've got the inside scoop on this Utah small business loan. SBA Loan Borrower COMPANY TYPE: FABRICATED STRUCTURAL METAL SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP When it made this small business loan, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program aims to ensure expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3441 - Fabricated Structural Metal NAICS Code 332312 - Fabricated Structural Metal Manufacturing Loan Approval Date 4/25/2000 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. 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 100 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Realistic Debt Financing Options SBA Participating Banks in St. Louis, Missouri
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