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Recently Closed SBA and USDA Loans - May 2021

May 5, 2021 / by Mike Slater

Here's a look at some of the loans we've recently closed at VITAL. See how SBA and USDA loan programs support new and growing businesses of all types! And remember, until Sept. 30, 2021, the SBA 7(a) program and USDA Business & Industry program are offering COVID relief program enhancements

 

Concrete Coatings Company
Recently Closed Loans graphic

$150,000 SBA 7(a) Loan

New equipment, startup expenses, and working capital.

 

Regenerative Health Company

$550,000 SBA 7(a) Loan

Refinance of existing debt  

 

Agricultural Services

$348,400 SBA 7(a) Loan

Purchase land, building, and building improvements

 

Entertainment Venue

$500,000 SBA 7(a) Loan
Leasehold improvements, startup expenses and working capital

 

OEM Manufacturer

$700,000 SBA 7(a) Loan

Working capital for daily operations

 

Restaurant

$83,000 SBA 7(a) Loan

Inventory purchase and working capital

 

Construction Company

$225,000 SBA 7(a) Loan

Purchase land and construct building 

 

Chiropractor's Office

$120,300 SBA 7(a) Loan

Refinance existing debt, purchase equipment, working capital

 

Manufacturer

$2,300,000 SBA 7(a) Loan

Refinance existing debt and purchase new equipment

 

Restaurant

$289,100 SBA 7(a) Loan

Leasehold improvements and working capital

 

Transportation Company

$1,945,000 SBA 7(a) Loan

Refinance of existing debt and working capital 

 

Auto Parts Store

$629,000 SBA 7(a) Loan

Purchase building, purchase furniture, fixtures, and equipment, purchase inventory and working capital

 

Contact the expert lending team at VITAL if there's a loan you'd like to discuss. We'll answer your questions about eligibility, terms, structure, and how to make the process smooth and efficient. 

 

Topics: SBA Loan, USDA Business & Industry, Lenders, Borrowers

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