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December 22, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Salt Lake City, Business Loans > Merrill Lynch Bank Usa Salt Lake City Business Loans > Motor Vehicle Parts Manufacturing Loan | ||||
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Woods Cross SBA Loans
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Company Gets an Utah Bank LoanSBA loans in Utah are hard to find these days. We take a look at one Utah SBA loan, provided by an Utah bank, that was approved by the SBA. Getting a small business loan in Woods Cross, Utah was a top priority for this particular business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Merrill Lynch Bank Usa. Here are the details on this Utah small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE PARTS MANUFACTURING SBA Loan Lender MERRILL LYNCH BANK USA This SBA loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 336399 - Motor Vehicle Parts Manufacturing Loan Approval Date 6/23/2005 Loan Approval Gross Amount $1,580,000 Loan Approval from the SBA Of the total $1,580,000 loan amount, the SBA guaranteed $1,185,000. 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 11 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,580,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Best Banks in Salt Lake City, Utah
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