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December 19, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Rochester, Business Loans > Ups Capital Business Credit Rochester Business Loans > Steel Wiredrawing And Steel Nails And Spikes Loan | ||||
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Ups Capital Business Credit
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Ups Capital Business Credit SBA Loan to Steel Wiredrawing And Steel Nails And Spikes CompanyAn SBA loan from Ups Capital Business Credit typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Meriden, Connecticut business owner got a $160,000 loan. This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Ups Capital Business Credit, out of Rochester, New York. The loan was granted and they received $160,000 to help grow their Meriden, Connecticut business. SBA Loan Borrower COMPANY TYPE: STEEL WIREDRAWING AND STEEL NAILS AND SPIKES SBA Loan Lender UPS CAPITAL BUSINESS CREDIT When this loan was made, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program was created to offer rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3315 - Steel Wiredrawing and Steel Nails and Spikes Loan Approval Date 8/18/2000 Loan Approval Gross Amount $160,000 Loan Approval from the SBA Of the total $160,000 loan amount, the SBA guaranteed $120,000. 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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Ups Capital Business Credit and they will explain how you can get an SBA loan for your company. 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: Obtaining Funding - Friends and Family SBA Banks in Rochester, New York
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