Business Loan from Ups Capital Business Credit Given to Interurban And Rural Bus Transportation Company

Ups Capital Business Credit is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one New Jersey entrepreneur who tapped into the power of SBA loans.

Getting a small business loan in North Bergen, New Jersey was an essential business goal for this firm back in 2006 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 New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: INTERURBAN AND RURAL BUS TRANSPORTATION
NORTH BERGEN, NJ 07047

SBA Loan Lender

UPS CAPITAL BUSINESS CREDIT
425 DAY HILL RD
WINDSOR, CT 06095

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

485210 - Interurban and Rural Bus Transportation

Loan Approval Date

1/26/2006

Loan Approval Gross Amount

$541,000

Loan Approval from the SBA

Of the total $541,000 loan amount, the SBA guaranteed $405,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 45 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 45 existing jobs.

Next Steps for Getting an SBA Loan

If you need business start up money in North Bergen NJ, you ought to talk with a local North Bergen SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Bergen businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Ups Capital Business Credit so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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