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May 5, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Commercial Bakeries Loan | ||||
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Ogden, Utah Bank Loan
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Local Business Gets an Utah Small Business LoanSearching for an Utah business loan? This Utah entrepreneur got a business loan, provided by a New Jersey bank that works with the SBA to help small business owners. Getting a small business loan in Ogden, Utah was a top priority for this SBA-financed company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Cit Small Business Lending Corp. Here are the details on this Utah small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL BAKERIES SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311812 - Commercial Bakeries Loan Approval Date 6/20/2005 Loan Approval Gross Amount $659,000 Loan Approval from the SBA Of the total $659,000 loan amount, the SBA guaranteed $494,250. 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 10 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 7 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $659,000. How would you spend $659,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Livingston, New Jersey
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