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April 28, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Specialty Cleaning, Polishes And Sanitation Goods Loan | ||||
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Ups Capital Business Credit SBA Loan Counce, TN
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Ups Capital Business Credit SBA Loan to Specialty Cleaning, Polishes And Sanitation Goods CompanyUps Capital Business Credit has a track record as a leading provider of SBA loans. Find out how this Tennessee entrepreneur received an SBA loan from them. Getting a small business loan in Counce, Tennessee was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Ups Capital Business Credit, operating out of Windsor, Connecticut. Here are the details on this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: SPECIALTY CLEANING, POLISHES AND SANITATION GOODS SBA Loan Lender UPS CAPITAL BUSINESS CREDIT The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide 7A business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2842 - Specialty Cleaning, Polishes and Sanitation Goods NAICS Code 325612 - Polish and Sanitation Good Manufacturing Loan Approval Date 7/13/2001 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. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 30 employees. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: SBA 7A Lenders in Windsor, Connecticut
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