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May 18, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Fabricated Textile Products Loan | ||||
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How to Get a Business Loan in Sterling (census Name Sterling, Virginia
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Ups Capital Business Credit Gives Bank Loan to Fabricated Textile Products CompanyWant a Virginia small business loan? This Virginia entrepreneur got a small business loan, provided by a Connecticut bank that works with the SBA to help small business owners. Getting a small business loan in Sterling (census Name Sterling, Virginia was a top priority for this small 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 Virginia small business loan. SBA Loan Borrower COMPANY TYPE: FABRICATED TEXTILE PRODUCTS 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. SIC Code 2399 - Fabricated Textile Products Loan Approval Date 9/14/2000 Loan Approval Gross Amount $1,250,000 Loan Approval from the SBA Of the total $1,250,000 loan amount, the SBA guaranteed $1,000,000. 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 120 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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: Obtaining Funding - Friends and Family Small Business Banks in Windsor, Connecticut SBA Participating Banks in Connecticut
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