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December 23, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Men's And Boys' Cut And Sew Outerwear Manufacturing Loan | ||||
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Business Loans from Ups Capital Business Credit
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Business Loan from Ups Capital Business Credit Given to Men's And Boys' Cut And Sew Outerwear Manufacturing CompanyUps Capital Business Credit is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one New York entrepreneur who tapped into the power of SBA loans. This small firm knew how to go about getting a business bank loan. Based in Perry, New York, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Ups Capital Business Credit, based in Windsor, Connecticut. SBA Loan Borrower COMPANY TYPE: MEN'S AND BOYS' CUT AND SEW OUTERWEAR MANUFACTURING SBA Loan Lender UPS CAPITAL BUSINESS CREDIT SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 315228 - Men's and Boys' Cut and Sew Outerwear Manufacturing Loan Approval Date 3/22/2005 Loan Approval Gross Amount $635,000 Loan Approval from the SBA Of the total $635,000 loan amount, the SBA guaranteed $476,250. 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 80 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Ups Capital Business Credit had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Ups Capital Business Credit made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Who Lends Money to Small Businesses in Windsor, Connecticut SBA Participating Banks in Connecticut
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