Borrowing Money for Sporting Goods Stores

With these loans for sporting goods stores, the SBA guarantees the lender that the loan will be repaid. This sporting goods stores loan for $724,000 was given to a Louisiana entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sulphur, Louisiana was able to borrow $724,000 from Ups Capital Business Credit. The SBA made the loan possible by guaranteeing $543,000 of this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
SULPHUR, LA 70663

SBA Loan Lender

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

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

3/15/2006

Loan Approval Gross Amount

$724,000

Loan Approval from the SBA

Of the total $724,000 loan amount, the SBA guaranteed $543,000.

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 2 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Ups Capital Business Credit that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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