Recently Funded Projects

January 22, 2020

fresh squeezed loans - no watermark

 

How do people use SBA and USDA loans? 
 
Check out this list with some of the projects VITAL has recently financed! 
 
Farm-to-table restaurant $195,000
SBA 7a loan
Remodel space for new restaurant and purchase furniture, fixtures, and equipment.
Solar company $130,000
SBA 7a loan
Construct solar facility to generate power for a local municipality.
Laundry facility $855,000
SBA 7a loan
Remodel space and purchase equipment to open new facility.
Trucking company $4,978,000
SBA 7a loan
Refinance existing debt seller's notes and add working capital. 
Retail shopping mall $4,575,000
USDA Business & Industry loan                   
Refinance existing real estate debt
Factory $1,700,000
USDA Business & Industry loan                   
Refinance real estate loan for existing factory building
Recreation facility $150,000
SBA 7a loan
Remodel building and purchase equipment to open new recreation business.
Flooring company $150,000
SBA 7a loan
Remodel space and purchase equipment to open retail business.
Software company $400,000 SBA International Trade loan Working capital to finance the development costs of new software technology.
Donut shop  $278,000
SBA 7a loan
Purchase furniture, fixtures, and equipment to open a new retail franchise location.
Drilling contractor $672,000
SBA 7a loan
Purchase directional drilling equipment and add working capital to start contractor business. 
Restaurant $94,000
SBA 7a loan
Purchase furniture, fixtures, and equipment to open a new restaurant.
Franchise restaurant $2,100,000
SBA 7a loan
Add working capital to open new restaurant locations across multiple states. 
Road contractor $1,000,000
SBA 7a loan
Refinance short-term leases on equipment and add working capital. 
Smoothie shop $885,000
SBA 7a loan
Refinance debt on four franchise locations and fund partner buyout.
Tavern $460,000
SBA 7a loan
Remodel space and purchase furniture and equipment to open new brew pub. 

 

 
Read more here about the loan programs we use most often.
 
Have a loan opportunity you think would be a good candidate? Contact us to discuss.
 

 

 

You may also enjoy: 

$20 Million in Recently Funded Projects

What's the SBA Process Like? 

 

Subscribe to VITAL Insights

Tags: Community banks SBA Loan small business commercial lending