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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 > Lawyers Loan | ||||
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Salt Lake City, Utah Bank Loan
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Company Gets an Utah Small Business LoanSBA loans in Utah are are few and far betweeen these days. We take a look at one Utah SBA loan, provided by an Utah bank, that was approved by the SBA. This business, based in Salt Lake City, Utah, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Brighton Bank. We've got the inside scoop on this Utah small business loan. SBA Loan Borrower COMPANY TYPE: LAWYERS SBA Loan Lender BRIGHTON BANK This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 541110 - Lawyers Loan Approval Date 2/28/2003 Loan Approval Gross Amount $66,500 Loan Approval from the SBA Of the total $66,500 loan amount, the SBA guaranteed $33,250. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 11 employees. The SBA loan documents indicated that the loan would help retain 11 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Brighton Bank and they will explain how you can get an SBA loan for your company. 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 7A Banks in Salt Lake City, Utah
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