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April 27, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Custom Architectural Woodwork And Millwork Manufacturing Loan | ||||
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Boston Business Loans from Ups Capital Business Credit
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Ups Capital Business Credit SBA Loan to Custom Architectural Woodwork And Millwork Manufacturing CompanyAn SBA loan from Ups Capital Business Credit typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Boston, Massachusetts business owner got a $900,000 loan. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Ups Capital Business Credit, out of Windsor, Connecticut. The loan was granted and they received $900,000 to help grow their Boston, Massachusetts business. SBA Loan Borrower COMPANY TYPE: CUSTOM ARCHITECTURAL WOODWORK AND MILLWORK MANUFACTURING 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. NAICS Code 337212 - Custom Architectural Woodwork and Millwork Manufacturing Loan Approval Date 12/24/2003 Loan Approval Gross Amount $900,000 Loan Approval from the SBA Of the total $900,000 loan amount, the SBA guaranteed $675,000. 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 22 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 22 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $900,000 loan. Remember, anyone can do it... so why not you? 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: Best Windsor, Connecticut Banks for Small Business
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