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May 3, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Building Equipment And Machinery Installation Contractors Loan | ||||
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Raising Money in Hackensack, New Jersey With SBA Loans
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Hackensack, New Jersey Entrepreneur Gets an SBA LoanWould a New Jersey business loan help your company expand? If so, you may want to talk with this Connecticut bank, which offers SBA loans to New Jersey entrepreneurs. Getting a small business loan in Hackensack, New Jersey was a top priority for this SBA-financed company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Ups Capital Business Credit. Here are the details on this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: BUILDING EQUIPMENT AND MACHINERY INSTALLATION CONTRACTORS SBA Loan Lender UPS CAPITAL BUSINESS CREDIT As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235950 - Building Equipment and Machinery Installation Contractors Loan Approval Date 11/29/2000 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. 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 7 employees. The SBA loan documents indicated that the loan would help retain 7 existing jobs. Getting an SBA Loan For Your Business If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Ups Capital Business Credit had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Ups Capital Business Credit made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Small Bank Loans in Windsor, Connecticut
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