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May 3, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Dimension Stone Mining And Quarrying Loan | ||||
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Who Can Get a Business Loan in Wister, Oklahoma?
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Commercial Loans for Dimension Stone Mining and QuarryingLooking for commercial loans for dimension stone mining and quarrying? Try the SBA. This $2,000,000 dimension stone mining and quarrying loan was issued by a Connecticut bank. This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Ups Capital Business Credit, out of Windsor, Connecticut. The loan was granted and they received $2,000,000 to help grow their Wister, Oklahoma business. SBA Loan Borrower COMPANY TYPE: DIMENSION STONE MINING AND QUARRYING SBA Loan Lender UPS CAPITAL BUSINESS CREDIT This business loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 212311 - Dimension Stone Mining and Quarrying Loan Approval Date 11/18/2005 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000. 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 98 employees. The loan application did not indicate that the small business planned to use the money to increase staffing levels 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. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Find an SBA Lender in Windsor, Connecticut SBA Participating Banks in Connecticut
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