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April 29, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Sioux Falls, Business Loans > Wells Fargo Bank Sioux Falls Business Loans > Transportation Equipment Loan | ||||
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Small Business Banks That Lend to Salt Lake City Business Owners
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Utah Bank Loan Issued to Transportation Equipment CompanyUtahSmall business loans are available to Utah small business owners through the SBA. In this case, a South Dakota bank provides the loan. By giving the right information to Wells Fargo Bank, this Salt Lake City, Utah business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: TRANSPORTATION EQUIPMENT SBA Loan Lender WELLS FARGO BANK When it made this small business loan, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program aims to ensure expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3799 - Transportation Equipment NAICS Code 336399 - Motor Vehicle Parts Manufacturing Loan Approval Date 10/20/2000 Loan Approval Gross Amount $651,300 Loan Approval from the SBA Of the total $651,300 loan amount, the SBA guaranteed $488,475. 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 12 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours 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: Find an SBA Lender in Sioux Falls, South Dakota
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