Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Scarborough, Maine Bank Loan

 

 
Loan Census SBA Loan Info

Where to Get Capital for Limousine Service

Looking for small business loans for limousine service? An SBA loan may be just what you've been looking for. This $557,000 limousine service loan was issued by a Connecticut bank.

This company knew how to go about getting a business bank loan. Based in Scarborough, Maine, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Ups Capital Business Credit, based in Windsor, Connecticut.

SBA Loan Borrower

COMPANY TYPE: LIMOUSINE SERVICE
Scarborough, ME 04074

SBA Loan Lender

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

This lender provides SBA 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

485320 - Limousine Service

Loan Approval Date

10/25/2007

Loan Approval Gross Amount

$557,000

Loan Approval from the SBA

Of the total $557,000 loan amount, the SBA guaranteed $417,750.

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 33 employees. The SBA loan application for the borrower indicated that the loan would help retain 33 existing jobs.

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

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Advice on Getting a Small Business Loan

Where to Get an SBA Loan in Windsor, Connecticut

SBA Connecticut Banks