Business Loans for Sheet Metal Work Manufacturing

Looking for business loans for sheet metal work manufacturing? Talk to a banker who works with the SBA. This $300,000 sheet metal work manufacturing loan was issued by a Connecticut bank.

This small business knew how to go about getting a business bank loan. Based in Elmwood Park (east Paterson), New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Ups Capital Business Credit, based in Windsor, Connecticut.

SBA Loan Borrower

COMPANY TYPE: SHEET METAL WORK MANUFACTURING
ELMWOOD PARK (EAST PATERSON), NJ 07407

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

332322 - Sheet Metal Work Manufacturing

Loan Approval Date

4/30/2001

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 57 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 57 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Elmwood Park (east Paterson) NJ, you ought to talk with a local Elmwood Park (east Paterson) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Elmwood Park (east Paterson) businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Ups Capital Business Credit that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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