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May 11, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > West Jordan, Business Loans > Mountain America Fcu West Jordan Business Loans > Framing Contractors Loan | ||||
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Requirements for Small Business Owners On Getting a Loan
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Raising Money for Framing ContractorsLooking for bank loans for framing contractors? Talk to a banker who works with the SBA. This $10,000 framing contractors loan was issued by an Utah bank. This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Mountain America Fcu, out of West Jordan, Utah. The loan was granted and they received $10,000 to help grow their Taylorsville, Utah business. SBA Loan Borrower COMPANY TYPE: FRAMING CONTRACTORS SBA Loan Lender MOUNTAIN AMERICA FCU This lender processed this SBA small business loan 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 238130 - Framing Contractors Loan Approval Date 9/25/2007 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Mountain America Fcu and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Best West Jordan, Utah Banks for Small Business
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