Business Loan from Ups Capital Business Credit Given to Recreational Vehicle Dealers Company

An SBA loan from Ups Capital Business Credit typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Athens, Texas business owner got a $1,183,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Athens, Texas was able to borrow $1,183,000 from Ups Capital Business Credit. The SBA made the loan possible by guaranteeing $887,250 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: RECREATIONAL VEHICLE DEALERS
ATHENS, TX 75762

SBA Loan Lender

UPS CAPITAL BUSINESS CREDIT
425 DAY HILL RD
WINDSOR, CT 06095

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441210 - Recreational Vehicle Dealers

Loan Approval Date

3/21/2006

Loan Approval Gross Amount

$1,183,000

Loan Approval from the SBA

Of the total $1,183,000 loan amount, the SBA guaranteed $887,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 14 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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