Nonferrous Metal Rolling, Drawing, and Extruding SBA Loans
With these SBA loans for nonferrous metal rolling, drawing, and extruding, the SBA guarantees the lender that the loan will be repaid. This nonferrous metal rolling, drawing, and extruding loan for $245,000 was given to a Florida entrepreneur in 2001.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hialeah, Florida was able to borrow $245,000 from Ups Capital Business Credit. The SBA made the loan possible by guaranteeing $183,750 of this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: NONFERROUS ROLLING, DRAWING AND EXTRUDING
HIALEAH, FL 33010
SBA Loan Lender
UPS CAPITAL BUSINESS CREDIT
425 DAY HILL RD
WINDSOR, CT 06095
The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3356 - Nonferrous Rolling, Drawing and Extruding
NAICS Code
331491 - Nonferrous Metal Rolling, Drawing, and Extruding
Loan Approval Date
5/16/2001
Loan Approval Gross Amount
$245,000
Loan Approval from the SBA
Of the total $245,000 loan amount, the SBA guaranteed $183,750.
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 10 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Ups Capital Business Credit are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.
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