Salt Lake City, Utah Bank Gives SBA Loan to Food Preparations Company

Want to talk with a Salt Lake City, Utah bank about a business loan? Here's one New York 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 Dunkirk, New York. They got an SBA loan for $450,000. Nice!

SBA Loan Borrower

COMPANY TYPE: FOOD PREPARATIONS
DUNKIRK, NY 14048

SBA Loan Lender

MERRILL LYNCH BANK USA
15 W SOUTH TEMPLE, STE 300
SALT LAKE CITY, UT 84101

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2099 - Food Preparations

Loan Approval Date

8/21/2000

Loan Approval Gross Amount

$450,000

Loan Approval from the SBA

Of the total $450,000 loan amount, the SBA guaranteed $337,500.

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 17 employees. The SBA loan application for the borrower indicated that the loan would help retain 17 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Dunkirk NY, you ought to talk with a local Dunkirk SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dunkirk businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $450,000 loan. Remember, fight for what you want, and it will be yours!

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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