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May 4, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > North Olmsted, Business Loans > Ups Capital Business Credit North Olmsted Business Loans > Pleating, Decorative And Novelty Stitching Loan | ||||
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Ups Capital Business Credit SBA Loans Mentor, Ohio
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Mentor, Ohio Business Gets SBA-Guaranteed Funding from Ups Capital Business CreditUps 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. This business 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 North Olmsted, Ohio. The loan was granted and they received $400,000 to help grow their Mentor, Ohio business. SBA Loan Borrower COMPANY TYPE: PLEATING, DECORATIVE AND NOVELTY STITCHING SBA Loan Lender UPS CAPITAL BUSINESS CREDIT This bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and a thorough understanding of SBA loan requirements. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2395 - Pleating, Decorative and Novelty Stitching Loan Approval Date 4/5/2000 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 15 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Realistic Debt Financing Options Find an SBA Lender in North Olmsted, Ohio
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