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May 14, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > West Valley City, Business Loans > Zions First National Bank West Valley City Business Loans > New Single-Family Housing Construction Loan | ||||
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Payson, Utah Bank for SBA Loans
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SBA Loans for New Single-Family Housing ConstructionLooking for SBA loans for new single-family housing construction? The SBA may be the answer. This $79,000 new single-family housing construction loan was issued by an Utah bank. This small business knew how to go about getting a business bank loan. Based in Payson, Utah, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Zions First National Bank, based in West Valley City, Utah. SBA Loan Borrower COMPANY TYPE: NEW SINGLE-FAMILY HOUSING CONSTRUCTION SBA Loan Lender ZIONS FIRST NATIONAL BANK This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 236115 - New Single-Family Housing Construction Loan Approval Date 3/26/2003 Loan Approval Gross Amount $79,000 Loan Approval from the SBA Of the total $79,000 loan amount, the SBA guaranteed $39,500. 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 5 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 5 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to find business people willing to loan money, 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: SBA Participating Banks in West Valley City, Utah
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