Miami, Florida Bank Gives SBA Loan to Medical, Dental And Hospital Equipment Company
Get business loans from a Miami, Florida bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.
Ups Capital Business Credit is a Miami, Florida small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Florida company.
SBA Loan Borrower
COMPANY TYPE: MEDICAL, DENTAL AND HOSPITAL EQUIPMENT
DELRAY BEACH, FL 33484
SBA Loan Lender
UPS CAPITAL BUSINESS CREDIT
1001 BRICKELL BAY DR, STE 181
MIAMI, FL 33131
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
5047 - Medical, Dental and Hospital Equipment
421450 - Medical, Dental, and Hospital Equipment and Supplies Wholesalers
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $187,500.
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 9 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
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.
VC Firms on Twitter
Where to Get an SBA Loan in Miami, Florida
Florida SBA 7A Lenders