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May 16, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Ogden, Business Loans > Bank Of Utah Ogden Business Loans > Dentists Loan | ||||
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Ogden, Utah SBA 7A Banks
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Ogden, Utah Lender Lends Money to Dentists CompanyThinking about meeting with an Ogden, Utah bank about a small business loan? Here's one Utah business loan, issued by an Ogden bank, that was approved by the SBA. Applying for an SBA loan with Bank Of Utah worked out well for our friends at one local firm in Murray, Utah. They got an SBA loan for $709,200. Awesome! SBA Loan Borrower COMPANY TYPE: DENTISTS SBA Loan Lender BANK OF UTAH The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621210 - Dentists Loan Approval Date 8/21/2007 Loan Approval Gross Amount $709,200 Loan Approval from the SBA Of the total $709,200 loan amount, the SBA guaranteed $531,900. 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 9 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 8 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to borrow money from friends and family, 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: Accountant's Role in Securing Financing Find an SBA Lender in Ogden, Utah
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