Commercial Loans for Relay and Industrial Control Manufacturing

Looking for commercial loans for relay and industrial control manufacturing? The SBA may be the answer. This $451,200 relay and industrial control manufacturing loan was issued by an Utah bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Merrill Lynch Bank Usa, out of Salt Lake City, Utah. The loan was granted and they received $451,200 to help grow their Beaver, West Virginia business.

SBA Loan Borrower

COMPANY TYPE: RELAYS AND INDUSTRIAL CONTROLS
BEAVER, WV 25813

SBA Loan Lender

MERRILL LYNCH BANK USA
15 W SOUTH TEMPLE, STE 300
SALT LAKE CITY, UT 84101

When it made this small business loan, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program was created to give expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3625 - Relays and Industrial Controls

NAICS Code

335314 - Relay and Industrial Control Manufacturing

Loan Approval Date

12/27/2001

Loan Approval Gross Amount

$451,200

Loan Approval from the SBA

Of the total $451,200 loan amount, the SBA guaranteed $338,400.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 18 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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 Merrill Lynch Bank Usa 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.

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