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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Bare Printed Circuit Board Manufacturing Loan | ||||
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Sunnyvale, California Bank Loan
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SBA Loans for Bare Printed Circuit Board ManufacturingLooking for SBA loans for bare printed circuit board manufacturing? The SBA may be the answer. This $750,000 bare printed circuit board manufacturing loan was issued by a Connecticut bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sunnyvale, California was able to borrow $750,000 from Ups Capital Business Credit. The SBA made the loan possible by guaranteeing $562,500 of this California small business loan. SBA Loan Borrower COMPANY TYPE: BARE PRINTED CIRCUIT BOARD MANUFACTURING SBA Loan Lender UPS CAPITAL BUSINESS CREDIT Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334412 - Bare Printed Circuit Board Manufacturing Loan Approval Date 3/2/2004 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $562,500. 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 135 employees. The SBA loan documents indicated that the loan would help generate 18 new jobs and retain 135 existing jobs. 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. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Ups Capital Business Credit so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA Banks in Windsor, Connecticut
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