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Recently Closed Loans

October 5, 2020 / by VITAL Financial Services

Here's a review of some of the loans we've recently closed at VITAL. Take a look at how SBA and USDA loan programs are used to support new and existing small business  in local communities! 

 

Equipment Rental CompanyRecently Closed Loans graphic

$1,000,000 SBA 7(a) loan

$75,000 SBA Express line of credit 
$500,000 non-SBA commercial real estate loan

New equipment, working capital, consolidation and refinance of existing debt. Refinance existing real estate debt at more favorable terms.

Fitness Center

$1,000,000 SBA 7(a) loan
Building purchase for additional new location

Dirt Mover Contractor
$175,000 SBA 7(a) loan
Refinance existing debt and add additional working capital

Dance Studio

$275,000 SBA 7(a) loan

Refinance existing debt at more favorable terms

Retail Laundromat
$785,000 SBA 7(a) loan
Building renovations and purchase of new equipment

Business Park

$5,000,000 USDA Business & Industry loan

Refinance existing debt at more favorable terms

Underground Utilities Contractor
$4,600,000 SBA7(a) loan
$350,000 SBA Express line of credit
Refinance existing debt, purchase new equipment and add working capital

Veteran-Owned Spa
$173,000 SBA 7(a) loan 
Leasehold improvements to building space, startup costs, and purchase business supplies

Manufacturing Company
$2,600,000 SBA 7(a) loan
Refinance existing debt, refinance seller note, and add working capital

Tree Trimming Business

$190,000 SBA 7(a) loan
Business acquisition

 

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 our efficient process. 

 

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

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