Small Business Loans for Optical Instrument and Lens Manufacturing

With these small business loans for optical instrument and lens manufacturing, the SBA guarantees the lender that the loan will be repaid. This optical instrument and lens manufacturing loan for $400,000 was given to a Massachusetts entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sturbridge, Massachusetts was able to borrow $400,000 from Ups Capital Business Credit. The SBA made the loan possible by guaranteeing $250,000 of this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: OPTICAL INSTRUMENTS AND LENSES
STURBRIDGE, MA 01566

SBA Loan Lender

UPS CAPITAL BUSINESS CREDIT
ONE MONARCH PL
SPRINGFIELD, MA 01144

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3827 - Optical Instruments and Lenses

NAICS Code

333314 - Optical Instrument and Lens Manufacturing

Loan Approval Date

12/27/2000

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $250,000.

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 47 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source

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.

Related Links:

Microlending as a Small Business Funding Source

Find an SBA Lender in Springfield, Massachusetts

SBA Participating Banks in Massachusetts