Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

California Small Business Funding

 

 
Loan Census SBA Loan Info

Durable Goods Wholesalers Commercial Loans

Looking for commercial loans for durable goods wholesalers? Talk to a banker who works with the SBA. This $550,000 durable goods wholesalers loan was issued by a Connecticut bank.

This business knew how to go about getting a business bank loan. Based in Hayward, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Ups Capital Business Credit, based in Windsor, Connecticut.

SBA Loan Borrower

COMPANY TYPE: DURABLE GOODS
HAYWARD, CA 94544

SBA Loan Lender

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

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5099 - Durable Goods

NAICS Code

421990 - Durable Goods Wholesalers

Loan Approval Date

7/19/2000

Loan Approval Gross Amount

$550,000

Loan Approval from the SBA

Of the total $550,000 loan amount, the SBA guaranteed $412,500.

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 9 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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.

Related Links:

Famous Venture Capitalists

SBA Approved Banks in Windsor, Connecticut

Find an SBA Lender in Connecticut