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May 4, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > American Fork, Business Loans > Bank Of American Fork American Fork Business Loans > Mattress Manufacturing Loan | ||||
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Examples of Salt Lake City SBA Loans
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Mattress Manufacturing Business LoansLooking for business loans for mattress manufacturing? Try the SBA. This $350,000 mattress manufacturing loan was issued by an Utah bank. This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Bank Of American Fork, out of American Fork, Utah. The loan was granted and they received $350,000 to help grow their Salt Lake City, Utah business. SBA Loan Borrower COMPANY TYPE: MATTRESS MANUFACTURING SBA Loan Lender BANK OF AMERICAN FORK This lender processed this debt financing 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 337910 - Mattress Manufacturing Loan Approval Date 8/22/2006 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. 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 15 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 15 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to borrow money from friends and family, 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: The Friends and Family Network SBA Participating Banks in American Fork, Utah
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