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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 > Support Activities For Oil And Gas Operations Loan | ||||
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Utah SBA Banks
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Entrepreneur Works With West Jordan, Utah Bank to Get an SBA LoanWant to talk with a West Jordan, Utah bank about a business loan? Here's one Utah business loan, issued by a West Jordan bank, that was approved by the SBA. Applying for an SBA loan with Mountain America Fcu worked out well for our friends at one local business in Vernal, Utah. The business was able to get an SBA loan for $318,000. Sweet! SBA Loan Borrower COMPANY TYPE: SUPPORT ACTIVITIES FOR OIL AND GAS OPERATIONS SBA Loan Lender MOUNTAIN AMERICA FCU This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 213112 - Support Activities for Oil and Gas Operations Loan Approval Date 1/19/2005 Loan Approval Gross Amount $318,000 Loan Approval from the SBA Of the total $318,000 loan amount, the SBA guaranteed $238,500. 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 21 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 21 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Mountain America Fcu so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA 7A Lenders in West Jordan, Utah
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