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May 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Salt Lake City, Business Loans > Merrill Lynch Bank Usa Salt Lake City Business Loans > Store Retailers Loan | ||||
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Salt Lake City Bank Loan
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Salt Lake City, Utah Bank Lends Money to Store Retailers Company in Garnavillo, IowaWant to talk with a Salt Lake City, Utah bank about an SBA loan? Here's one Iowa 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 Garnavillo, Iowa. They received an SBA loan for $315,000. Sweet! SBA Loan Borrower COMPANY TYPE: STORE RETAILERS SBA Loan Lender MERRILL LYNCH BANK USA SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453998 - Store Retailers Loan Approval Date 7/31/2002 Loan Approval Gross Amount $315,000 Loan Approval from the SBA Of the total $315,000 loan amount, the SBA guaranteed $236,250. 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 10 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Merrill Lynch Bank Usa that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Accountant's Role in Securing Financing Find an SBA Lender in Salt Lake City, Utah
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