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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 > Construction, Mining, And Forestry Machinery Equipment Rental And Leasing Loan | ||||
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Business Loans for Vernal Businesses
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Raising Money for Construction, Mining, and Forestry Machinery Equipment Rental and LeasingLooking for bank loans for construction, mining, and forestry machinery equipment rental and leasing? The SBA may be the answer. This $25,000 construction, mining, and forestry machinery equipment rental and leasing loan was issued by an Utah bank. This company knew how to go about getting a business bank loan. Based in Vernal, Utah, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Mountain America Fcu, based in West Jordan, Utah. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION, MINING, AND FORESTRY MACHINERY EQUIPMENT RENTAL AND LEASING SBA Loan Lender MOUNTAIN AMERICA FCU The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 12/11/2003 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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 SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan If you need money to start business in Vernal UT, you ought to talk with a local Vernal SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Vernal businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Mountain America Fcu and they will explain how you can get an SBA loan for your company. 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: The Friends and Family Network SBA Approved Banks in West Jordan, Utah
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