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May 8, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Salt Lake City, Business Loans > Bank Of The West Salt Lake City Business Loans > Repair Shops And Related Services Loan | ||||
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Salt Lake City, Utah SBA 7A Banks
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Salt Lake City, Utah Bank Gives SBA Loan to Repair Shops And Related Services CompanyThinking about meeting with a Salt Lake City, Utah bank about a business loan? Here's one Wisconsin business loan, issued by a Salt Lake City bank, that was approved by the SBA. Applying for an SBA loan with Bank Of The West worked out well for our friends at one local firm in Minong, Wisconsin. They received an SBA loan for $45,500. Sweet! SBA Loan Borrower COMPANY TYPE: REPAIR SHOPS AND RELATED SERVICES SBA Loan Lender BANK OF THE WEST This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with borrowing money. 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. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7699 - Repair Shops and Related Services NAICS Code 562991 - Septic Tank and Related Services Loan Approval Date 11/29/2001 Loan Approval Gross Amount $45,500 Loan Approval from the SBA Of the total $45,500 loan amount, the SBA guaranteed $38,675. 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 only one employee. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a small business or need money to grow a business, an SBA loan can be a great funding source 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: Where to Get an SBA Loan in Salt Lake City, Utah
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