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May 18, 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 > Motor Vehicle Seating And Interior Trim Manufacturing Loan | ||||
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Banks Doing SBA Loans in Connecticut
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Entrepreneur Works With Windsor, Connecticut Bank to Get an SBA LoanThinking about meeting with a Windsor, Connecticut bank about a business loan? Here's one Massachusetts business loan, issued by a Windsor bank, that was approved by the SBA. Applying for an SBA loan with Ups Capital Business Credit worked out well for our friends at one local company in Ludlow, Massachusetts. The business was able to get an SBA loan for $100,000. Nice! SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE SEATING AND INTERIOR TRIM MANUFACTURING SBA Loan Lender UPS CAPITAL BUSINESS CREDIT This lender provides SBA commercial loans 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 336360 - Motor Vehicle Seating and Interior Trim Manufacturing Loan Approval Date 10/24/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $80,000. 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 38 employees. The SBA loan application for the borrower indicated that the loan would help generate 20 new jobs and retain 38 existing jobs. Great, But How Can I Get an SBA Loan for My 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Ups Capital Business Credit are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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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