Ups Capital Business Credit Gives Small Business Loan to Millwork Company

Want a Florida SBA loan? This Florida entrepreneur got an SBA loan, provided by a Connecticut bank that works with the SBA to help small business owners.

Getting a small business loan in Royal Palm Beach, Florida was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Ups Capital Business Credit. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: MILLWORK
ROYAL PALM BEACH, FL 33421

SBA Loan Lender

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

This lender issued this commercial loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2431 - Millwork

Loan Approval Date

5/11/2000

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $210,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you want money for new small business in Royal Palm Beach FL, you ought to talk with a local Royal Palm Beach SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Royal Palm Beach businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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