Borrowing Money for Construction, Mining, and Forestry Machinery Equipment Rental and Leasing
With these small business loans for construction, mining, and forestry machinery equipment rental and leasing, the SBA guarantees the lender that the loan will be repaid. This construction, mining, and forestry machinery equipment rental and leasing loan for $138,700 was given to an Utah entrepreneur in 2007.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Vernal, Utah was able to borrow $138,700 from Mountain America Fcu. The SBA made the loan possible by guaranteeing $69,350 of this Utah small business loan.
SBA Loan Borrower
COMPANY TYPE: CONSTRUCTION, MINING, AND FORESTRY MACHINERY EQUIPMENT RENTAL AND LEASING
VERNAL, UT 84078
SBA Loan Lender
MOUNTAIN AMERICA FCU
7181 S CAMPUS VIEW DR
WEST JORDAN, UT 84084
This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
532412 - Construction, Mining, and Forestry Machinery Equipment Rental and Leasing
Loan Approval Date
10/9/2007
Loan Approval Gross Amount
$138,700
Loan Approval from the SBA
Of the total $138,700 loan amount, the SBA guaranteed $69,350.
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. This SBA loan request indicated that the loan would help retain 1 existing job.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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.
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