SBA Loans – April 2

7A Program

All FY 2019 Approvals

Borrower: Loyal Lab Inc., Newark
Lender: Stearns Bank National Association
Gross Approval: $150,000
SBA Guarantee: $127,500
1st Disbursement: N/A
Type of Loan: Preferred Lender Program
Type of Business: Limited Service Restaurant; Frutta Bowls
Jobs Supported: 34

Borrower: The Alias Group LLC, Newark
Lender: M&T Trust Company
Gross Approval: $520,000
SBA Guarantee: $390,000
1st Disbursement: N/A
Type of Loan: Preferred Lender Program
Type of Business: Marketing Consultants
Jobs Supported: 23

Borrower: Brick Works 2, LLC, Millsboro
Lender: M&T Trust Company
Gross Approval: $562,700
SBA Guarantee: $422,025
1st Disbursement: N/A
Type of Loan: Preferred Lender Program
Type of Business: Full Service Restaurant
Jobs Supported: 30

Borrower: Johnson & Joe Restaurant, Selbyville
Lender: M&T Trust Company
Gross Approval: $100,000
SBA Guarantee: $50,000
1st Disbursement: 11/30/18
Type of Loan: SBA Express
Type of Business: Full Service Restaurant
Jobs Supported: 30

Borrower: Yellow Metal, LLC, Georgetown
Lender: Grow America Fund, Incorporated
Gross Approval: $985,000
SBA Guarantee: $738,750
1st Disbursement: N/A
Type of Loan: Oth 7A
Type of Business: Specialty Trade Contractor
Jobs Supported: 10
Borrower: Walan Specialty Construction

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