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Recently Closed SBA and USDA Loans (Q3 2021)

October 26, 2021 / by VITAL Financial Services

Here's a look at some of the loans we've recently closed at VITAL. In partnership with community banks, In the third quarter of 2021, VITAL facilitated $20,375,000 in small business loans through the SBA 7(a) loan program and USDA Business & Industry program. 

 

For a more in-depth look at how businesses address specific financing needs, check out the success stories on our case studies page

 

Ethyl Alcohol Manufacturing

$10,000,000 USDA B&I loan

Debt refinance and working capital

 

Landscaping Services
Recently Closed Loans graphic

$121,000 SBA 7(a) Loan

Pay notes payable

Full-Service Restaurant

$320,000 SBA 7(a) Loan

Working capital 

 

Hobby Store

$250,000 SBA 7(a) Loan

Leasehold improvements, machinery, furniture, fixtures, equipment, inventory, and working capital 

 

Full-Service Restaurant

$956,000 SBA 7(a) Loan
Pay notes payable

Precision Manufacturing

$2,250,000 SBA 7(a) Loan
Business acquisition, machinery, equipment, working capital

 

Entertainment Venue

$500,000 SBA 7(a) Loan

Leasehold improvements, furniture and fixtures, and working capital

 

Full-Service Restaurant

$1,027,800 SBA 7(a) Loan

Business acquisition and working capital

 

Food Service Direct Sales

$350,000 SBA 7(a) Loan

Inventory

Bar

$710,000 SBA 7(a) Loan

Leasehold improvements, machinery, equipment, furniture and fixtures, and working capital

 

Manufacturer

$3,200,000 SBA 7(a) Loan
Woking capital and pay notes payable

 

Restaurant

$175,000 SBA 7(a) Loan

Leasehold improvements, machinery and equipment, and working capital


Wholesaler

$66,000 SBA 7(a) Loan

Working capital and pay notes payable

 

Restaurant and Recreation Venue

$450,000 SBA 7(a) Loan

Leasehold improvements, machinery, furniture and fixtures, 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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