Small Business Loans for Hat, Cap, and Millinery Manufacturing

Looking for small business loans for hat, cap, and millinery manufacturing? An SBA loan may be just what you've been looking for. This $225,000 hat, cap, and millinery manufacturing loan was issued by a Connecticut bank.

This small firm knew how to go about getting a business bank loan. Based in Fairview, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Ups Capital Business Credit, based in Windsor, Connecticut.

SBA Loan Borrower

COMPANY TYPE: HAT, CAP, AND MILLINERY MANUFACTURING
FAIRVIEW, NJ 07022

SBA Loan Lender

UPS CAPITAL BUSINESS CREDIT
425 DAY HILL RD
WINDSOR, CT 06095

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

315991 - Hat, Cap, and Millinery Manufacturing

Loan Approval Date

5/10/2002

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $168,750.

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 11 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 11 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

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:

Alternative Financing

Small Bank Loans in Windsor, Connecticut

Connecticut SBA 7A Banks