Salt Lake City, Utah Bank Gives SBA Loan to Building Equipment Contractors Company

Want to talk with a Salt Lake City, Utah bank about a business loan? Here's one Florida 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 business in Sarasota, Florida. The business was able to get an SBA loan for $1,000,000. Nice!

SBA Loan Borrower

COMPANY TYPE: BUILDING EQUIPMENT CONTRACTORS
SARASOTA, FL 34240

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

238290 - Building Equipment Contractors

Loan Approval Date

9/16/2004

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 105 employees. The loan application indicated that the loan would help retain 105 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money

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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