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April 19, 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 > Men's And Boys' Clothing And Furnishing Wholesalers Loan | ||||
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New Jersey Small Business Funding
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Where to Get Capital for Men's and Boys' Clothing and Furnishing WholesalersLooking for small business loans for men's and boys' clothing and furnishing wholesalers? Talk to a banker who works with the SBA. This $925,000 men's and boys' clothing and furnishing wholesalers loan was issued by a Connecticut bank. This small firm knew how to go about getting a business bank loan. Based in South Hackensack, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Ups Capital Business Credit, based in Windsor, Connecticut. SBA Loan Borrower COMPANY TYPE: MEN'S AND BOYS' CLOTHING AND FURNISHING WHOLESALERS SBA Loan Lender UPS CAPITAL BUSINESS CREDIT This lender provides SBA debt financing 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 422320 - Men's and Boys' Clothing and Furnishing Wholesalers Loan Approval Date 3/21/2001 Loan Approval Gross Amount $925,000 Loan Approval from the SBA Of the total $925,000 loan amount, the SBA guaranteed $693,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 6 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Ups Capital Business Credit that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Obtaining Funding From a Venture Capitalist Where to Get an SBA Loan in Windsor, Connecticut Browse All Business Loan Sources for Connecticut
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