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April 30, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > North Olmsted, Business Loans > Ups Capital Business Credit North Olmsted Business Loans > Electroplating, Plating, Polishing, Anodizing, And Coloring Loan | ||||
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Get an SBA Loan from Ups Capital Business Credit
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Business Loan from Ups Capital Business Credit Given to Electroplating, Plating, Polishing, Anodizing, And Coloring CompanyUps Capital Business Credit and the SBA work together to get business loans for growing small businesses. Here's an example of how an Ohio entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cleveland, Ohio was able to borrow $320,000 from Ups Capital Business Credit. The SBA made the loan possible by guaranteeing $240,000 of this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: ELECTROPLATING, PLATING, POLISHING, ANODIZING, AND COLORING SBA Loan Lender UPS CAPITAL BUSINESS CREDIT This SBA loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA provides a rapid loan approval or denial response. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332813 - Electroplating, Plating, Polishing, Anodizing, and Coloring Loan Approval Date 12/15/2000 Loan Approval Gross Amount $320,000 Loan Approval from the SBA Of the total $320,000 loan amount, the SBA guaranteed $240,000. 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 24 employees. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $320,000. How would you spend $320,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Role of Business Plan When Raising Money Best North Olmsted, Ohio Banks for Small Business Getting a Business Loan in Ohio
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