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November 24, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Bridge, Tunnel, And Elevated Highway Construction Loan | ||||
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Business Loans for Dorchester Small Businesses
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Getting an SBA Loan for Bridge and Tunnel ConstructionWith these commercial loans for bridge and tunnel construction, the SBA guarantees the lender that the loan will be repaid. This bridge and tunnel construction loan for $1,000,000 was given to a Massachusetts entrepreneur in 2000. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Dorchester, Massachusetts was able to borrow $1,000,000 from Ups Capital Business Credit. The SBA made the loan possible by guaranteeing $750,000 of this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: BRIDGE, TUNNEL, AND ELEVATED HIGHWAY CONSTRUCTION SBA Loan Lender UPS CAPITAL BUSINESS CREDIT This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1622 - Bridge, Tunnel, and Elevated Highway Construction NAICS Code 234120 - Bridge and Tunnel Construction Loan Approval Date 5/25/2000 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 129 employees. The SBA loan application for the borrower indicated that the loan would help retain 129 existing jobs. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new 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. Related Links: Banking Deregulation's Effects on Entrepreneurship SBA 7A Lenders in Windsor, Connecticut
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