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May 7, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Salt Lake City, Business Loans > Bank Of The West Salt Lake City Business Loans > Hardware Stores Loan | ||||
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Raising Money in Page, Arizona With SBA Loans
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Commercial Loans for Hardware StoresLooking for commercial loans for hardware stores? Talk to a banker who works with the SBA. This $251,100 hardware stores loan was issued by an Utah bank. This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Bank Of The West, out of Salt Lake City, Utah. The loan was granted and they received $251,100 to help grow their Page, Arizona business. SBA Loan Borrower COMPANY TYPE: HARDWARE STORES SBA Loan Lender BANK OF THE WEST This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5251 - Hardware Stores NAICS Code 444130 - Hardware Stores Loan Approval Date 2/29/2000 Loan Approval Gross Amount $251,100 Loan Approval from the SBA Of the total $251,100 loan amount, the SBA guaranteed $188,325. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Who Lends Money to Small Businesses in Salt Lake City, Utah
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