Sunfirst Bank SBA Loan to Truck, Utility Trailer, And Rv Rental And Leasing Company

An SBA loan from Sunfirst Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a St. George, Utah business owner got a $467,607 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in St. George, Utah was able to borrow $467,607 from Sunfirst Bank. The SBA made the loan possible by guaranteeing $350,705 of this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: TRUCK, UTILITY TRAILER, AND RV RENTAL AND LEASING
ST. GEORGE, UT 84770

SBA Loan Lender

SUNFIRST BANK
120 E ST. GEORGE BLVD
SAINT GEORGE, UT 84770

This lender issued this loan for a small business under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532120 - Truck, Utility Trailer, and RV Rental and Leasing

Loan Approval Date

7/30/2001

Loan Approval Gross Amount

$467,607

Loan Approval from the SBA

Of the total $467,607 loan amount, the SBA guaranteed $350,705.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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:

Determining Proper Capital Structure for a Business

SBA 7A Banks in Saint George, Utah

Browse All Business Loan Sources for Utah