Get an SBA Loan for Remediation Services

With these loans for remediation services, the SBA guarantees the lender that the loan will be repaid. This remediation services loan for $1,568,000 was given to a South Carolina entrepreneur in 2008.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Columbia, South Carolina was able to borrow $1,568,000 from Ups Capital Business Credit. The SBA made the loan possible by guaranteeing $1,176,000 of this South Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: REMEDIATION SERVICES
Columbia, SC 29203

SBA Loan Lender

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

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562910 - Remediation Services

Loan Approval Date

1/8/2008

Loan Approval Gross Amount

$1,568,000

Loan Approval from the SBA

Of the total $1,568,000 loan amount, the SBA guaranteed $1,176,000.

More Information on This SBA Loan

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

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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