Business Loans for Frozen Specialty Food Manufacturing

Looking for business loans for frozen specialty food manufacturing? The SBA may be the answer. This $500,000 frozen specialty food manufacturing loan was issued by a Rhode Island bank.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Ups Capital Business Credit, out of Providence, Rhode Island. The loan was granted and they received $500,000 to help grow their Warwick, Rhode Island business.

SBA Loan Borrower

COMPANY TYPE: PACKAGED FROZEN FOODS
WARWICK, RI 02886

SBA Loan Lender

UPS CAPITAL BUSINESS CREDIT
55 DORRANCE ST
PROVIDENCE, RI 02903

This lender issued this commercial loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5142 - Packaged Frozen Foods

NAICS Code

311412 - Frozen Specialty Food Manufacturing

Loan Approval Date

1/31/2001

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 40 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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:

Advice on Getting a Small Business Loan

Who Lends Money to Small Businesses in Providence, Rhode Island

SBA Lenders in Rhode Island