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May 16, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Riverdale, Business Loans > America First Fcu Riverdale Business Loans > Cut And Sew Apparel Manufacturing Loan | ||||
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Raising Money in West Jordan, Utah With SBA Loans
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Where to Get Capital for Cut and Sew Apparel ManufacturingWith these SBA loans for cut and sew apparel manufacturing, the SBA guarantees the lender that the loan will be repaid. This cut and sew apparel manufacturing loan for $30,000 was given to an Utah entrepreneur in 2007. This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with America First Fcu, out of Riverdale, Utah. The loan was granted and they received $30,000 to help grow their West Jordan, Utah business. SBA Loan Borrower COMPANY TYPE: CUT AND SEW APPAREL MANUFACTURING SBA Loan Lender AMERICA FIRST FCU This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 315299 - Cut and Sew Apparel Manufacturing Loan Approval Date 11/16/2007 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $15,000. 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 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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 America First 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:
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