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November 24, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Screw Machine Products Loan | ||||
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Windsor Lenders
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Windsor, Connecticut Bank Gives SBA Loan to Screw Machine Products CompanyThinking about meeting with a Windsor, Connecticut bank about an SBA loan? Here's one Michigan business loan, issued by a Windsor bank, that was approved by the SBA. Applying for an SBA loan with Ups Capital Business Credit worked out well for our friends at one local firm in Farmington, Michigan. The business was able to get an SBA loan for $800,000. Awesome! SBA Loan Borrower COMPANY TYPE: SCREW MACHINE PRODUCTS SBA Loan Lender UPS CAPITAL BUSINESS CREDIT This lender provides SBA debt financing 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 3451 - Screw Machine Products NAICS Code 332721 - Precision Turned Product Manufacturing Loan Approval Date 6/22/2000 Loan Approval Gross Amount $800,000 Loan Approval from the SBA Of the total $800,000 loan amount, the SBA guaranteed $600,000. 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 65 employees. The SBA loan documents indicated that the loan would help retain 65 existing jobs. Getting an SBA Loan For Your Business 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. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Best Windsor, Connecticut Banks for Small Business
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