Loan Census Banking News and Information
November 25, 2024  
 
 
  Business Loan Information  
 

SBA Lenders Utah

 

 
Loan Census SBA Loan Info

Salt Lake City, Utah Lender Lends Money to General Automotive Repair Shops Company

Thinking about meeting with a Salt Lake City, Utah bank about an SBA loan? Here's one Connecticut business loan, issued by a Salt Lake City bank, that was approved by the SBA.

Applying for an SBA loan with Merrill Lynch Bank Usa worked out well for our friends at one local firm in Danielson, Connecticut. They got an SBA loan for $400,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS
DANIELSON, CT 06239

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

7538 - General Automotive Repair Shops

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

5/10/2000

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Danielson CT, you ought to talk with a local Danielson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Danielson businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Borrowing Money from Friends and Family

Best Salt Lake City, Utah Banks for Small Business

SBA Utah Banks