Where to Get Capital for Piece Goods, Notions, and Dry Goods Merchant Wholesalers

Looking for small business loans for piece goods, notions, and dry goods merchant wholesalers? Talk to a banker who works with the SBA. This $400,000 piece goods, notions, and dry goods merchant wholesalers loan was issued by a Connecticut bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Ups Capital Business Credit, out of Windsor, Connecticut. The loan was granted and they received $400,000 to help grow their Morton Grove, Illinois business.

SBA Loan Borrower

COMPANY TYPE: PIECE GOODS, NOTIONS, AND DRY GOODS MERCHANT WHOLESALERS
MORTON GROVE, IL 60053

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 small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

424310 - Piece Goods, Notions, and Dry Goods Merchant Wholesalers

Loan Approval Date

10/5/2004

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 8 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Morton Grove IL, you ought to talk with a local Morton Grove SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Morton Grove businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Ups Capital Business Credit so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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