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April 28, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Salt Lake City, Business Loans > Merrill Lynch Bank Usa Salt Lake City Business Loans > Special Dies And Tools, Die Sets, Jigs And Fixture Loan | ||||
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Examples of Somerset SBA Loans
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Raising Money for Special Die and Tool, Die Set, Jig, and Fixture ManufacturingLooking for bank loans for special die and tool, die set, jig, and fixture manufacturing? Try the SBA. This $543,500 special die and tool, die set, jig, and fixture manufacturing loan was issued by an Utah bank. This company knew how to go about getting a business bank loan. Based in Somerset, Kentucky, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Merrill Lynch Bank Usa, based in Salt Lake City, Utah. SBA Loan Borrower COMPANY TYPE: SPECIAL DIES AND TOOLS, DIE SETS, JIGS AND FIXTURE SBA Loan Lender MERRILL LYNCH BANK USA The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3544 - Special Dies and Tools, Die Sets, Jigs and Fixture NAICS Code 333514 - Special Die and Tool, Die Set, Jig, and Fixture Manufacturing Loan Approval Date 1/7/2002 Loan Approval Gross Amount $543,500 Loan Approval from the SBA Of the total $543,500 loan amount, the SBA guaranteed $407,625. 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 4 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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: SBA 7A Lenders in Salt Lake City, Utah
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