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May 12, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Insurance Agencies And Brokerages Loan | ||||
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Cincinnati, Ohio Bank for SBA Loans
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Cincinnati, Ohio Lender Lends Money to Insurance Agencies And Brokerages CompanyThinking about meeting with a Cincinnati, Ohio bank about a business loan? Here's one Utah business loan, issued by a Cincinnati bank, that was approved by the SBA. Applying for an SBA loan with U.S. Bank National Association worked out well for our friends at one local business in South Jordan, Utah. They received an SBA loan for $670,500. Awesome! SBA Loan Borrower COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 524210 - Insurance Agencies and Brokerages Loan Approval Date 10/25/2004 Loan Approval Gross Amount $670,500 Loan Approval from the SBA Of the total $670,500 loan amount, the SBA guaranteed $502,875. More Information on This SBA Loan The borrower borrowed this money for an existing 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 10 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 7 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need business start up money in South Jordan UT, you ought to talk with a local South Jordan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to South Jordan businesses. This SBA loan was for $670,500. How would you spend $670,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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:
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