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December 24, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Cut Stone And Stone Products Loan | ||||
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Ups Capital Business Credit Loans
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Cut Stone and Stone Product Manufacturing LoansLooking for loans for cut stone and stone product manufacturing? Try the SBA. This $1,440,000 cut stone and stone product manufacturing loan was issued by a Connecticut bank. This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Ups Capital Business Credit, out of Windsor, Connecticut. The loan was granted and they received $1,440,000 to help grow their Woburn, Massachusetts business. SBA Loan Borrower COMPANY TYPE: CUT STONE AND STONE PRODUCTS 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. SIC Code 3281 - Cut Stone and Stone Products NAICS Code 327991 - Cut Stone and Stone Product Manufacturing Loan Approval Date 3/29/2000 Loan Approval Gross Amount $1,440,000 Loan Approval from the SBA Of the total $1,440,000 loan amount, the SBA guaranteed $749,995. 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 29 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 29 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,440,000 loan. Remember, if it to be, it is up to me! 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: Microlending as a Small Business Funding Source Best Banks for Small Business in Windsor, Connecticut SBA Participating Banks in Connecticut
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