Financing for Drinking Places
Looking for commercial loans for drinking places? An SBA loan may be just what you've been looking for. This $1,250,000 drinking places loan was issued by an Utah bank.
This small business knew how to go about getting a business bank loan. Based in Novato, California, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Merrill Lynch Bank Usa, based in Salt Lake City, Utah.
SBA Loan Borrower
COMPANY TYPE: DRINKING PLACES
NOVATO, CA 94949
SBA Loan Lender
MERRILL LYNCH BANK USA
15 W SOUTH TEMPLE, STE 300
SALT LAKE CITY, UT 84101
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722410 - Drinking Places
Loan Approval Date
1/18/2001
Loan Approval Gross Amount
$1,250,000
Loan Approval from the SBA
Of the total $1,250,000 loan amount, the SBA guaranteed $937,500.
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 36 employees. The SBA loan documents indicated that the loan would help retain 36 existing jobs.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
This SBA loan was for $1,250,000. How would you spend $1,250,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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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