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May 6, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Salt Lake City, Business Loans > Brighton Bank Salt Lake City Business Loans > Direct Health And Medical Insurance Carriers Loan | ||||
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Brighton Bank Murray, Utah
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Business Loan from Brighton Bank Given to Direct Health And Medical Insurance Carriers CompanyAn SBA loan from Brighton Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Murray, Utah business owner got a $110,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Murray, Utah was able to borrow $110,000 from Brighton Bank. The SBA made the loan possible by guaranteeing $93,500 of this Utah small business loan. SBA Loan Borrower COMPANY TYPE: DIRECT HEALTH AND MEDICAL INSURANCE CARRIERS SBA Loan Lender BRIGHTON BANK This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 524114 - Direct Health and Medical Insurance Carriers Loan Approval Date 2/2/2004 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. 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 2 employees. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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: Dealing With Venture Capitalists Best Banks for Small Business in Salt Lake City, Utah SBA Participating Banks in Utah
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