Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Utah Bank SBA Loans

 

 
Loan Census SBA Loan Info

Merrill Lynch Bank Usa SBA Loan to Animal Specialty Services Company

Looking to get a South Carolina SBA loan? Here's one South Carolina business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Charleston, South Carolina, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Merrill Lynch Bank Usa, based in Salt Lake City, Utah.

SBA Loan Borrower

COMPANY TYPE: ANIMAL SPECIALTY SERVICES
CHARLESTON, SC 29407

SBA Loan Lender

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

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0752 - Animal Specialty Services

Loan Approval Date

3/24/2000

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start business in Charleston SC, you ought to talk with a local Charleston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Charleston businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Merrill Lynch Bank Usa 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:

A Company That Helps Entrepreneurs

SBA 7A Lenders in Salt Lake City, Utah

Utah SBA 7A Lenders