Texarkana, Texas Business Gets SBA-Guaranteed Funding from Ups Cap. Business Cr. - New Jersey

Ups Cap. Business Cr. - New Jersey and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level.

Getting a small business loan in Texarkana, Texas was an essential business goal for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Ups Cap. Business Cr. - New Jersey, operating out of Edison, New Jersey. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: MASONRY CONTRACTORS
TEXARKANA, TX 75503

SBA Loan Lender

UPS CAP. BUSINESS CR. - NEW JERSEY
2025 LINCOLN HIGHWAY, SUITE 1
EDISON, NJ 08817

This lender provides SBA bank 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

238140 - Masonry Contractors

Loan Approval Date

1/12/2007

Loan Approval Gross Amount

$448,000

Loan Approval from the SBA

Of the total $448,000 loan amount, the SBA guaranteed $336,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This SBA loan was for $448,000. How would you spend $448,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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