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November 22, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Solid Waste Landfill Loan | ||||
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SBA Loan from Ups Capital Business Credit
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Business Loan from Ups Capital Business Credit Given to Solid Waste Landfill CompanyUps Capital Business Credit has a track record as a leading provider of SBA loans. Find out how this Ohio entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Waynesburg, Ohio was able to borrow $2,000,000 from Ups Capital Business Credit. The SBA made the loan possible by guaranteeing $1,000,000 of this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: SOLID WASTE LANDFILL SBA Loan Lender UPS CAPITAL BUSINESS CREDIT This lender provides SBA loan for small businesses 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 562212 - Solid Waste Landfill Loan Approval Date 3/25/2003 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,000,000. 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 11 employees. The SBA loan application for the borrower indicated that the loan would help generate 9 new jobs and retain 11 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Best Banks in Windsor, Connecticut SBA Participating Banks in Connecticut
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