Local Business Gets an Utah SBA Loan
UtahBusiness loans are available to Utah business owners through the SBA. In this case, an Utah bank provides the loan.
Getting a small business loan in Salt Lake City, Utah was a top priority for this SBA-financed company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank - Layton. Here are the details on this Utah small business loan.
SBA Loan Borrower
COMPANY TYPE: BRICK, STONE, AND RELATED CONSTRUCTION MATERIAL MERCHANT WHOLESALERS
SALT LAKE CITY, UT 84115
SBA Loan Lender
1ST NATIONAL BANK - LAYTON
12 S MAIN ST
LAYTON, UT 84041
This lender processed this SBA 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
423320 - Brick, Stone, and Related Construction Material Merchant Wholesalers
Loan Approval Date
3/15/2004
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
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 3 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $100,000 loan. Remember, anyone can do it... so why not you?
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:
Microlending as a Small Business Funding Source
Small Business Banks in Layton, Utah
SBA Lenders in Utah