Sturbridge, Massachusetts Business Gets SBA-Guaranteed Funding from Ups Capital Business Credit
Ups Capital Business Credit and the SBA work together to get business loans for growing small businesses. Here's an example of how a Massachusetts entrepreneur was able to get a loan to take a small business to the next level.
This small firm knew how to go about getting a business bank loan. Based in Sturbridge, Massachusetts, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Ups Capital Business Credit, based in Springfield, Massachusetts.
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
This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
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
6/25/2002
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $135,000.
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 40 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
Direct Public Offerings
Best Banks for Small Business in Springfield, Massachusetts
Massachusetts SBA 7A Lenders