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May 1, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Grocery Stores Loan | ||||
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Connecticut Bank SBA Loans
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Ups Capital Business Credit SBA Loan to Grocery Stores CompanyLooking to get a Connecticut business loan? Here's one Connecticut business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hartford, Connecticut was able to borrow $70,000 from Ups Capital Business Credit. The SBA made the loan possible by guaranteeing $56,000 of this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender UPS CAPITAL BUSINESS CREDIT This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores Loan Approval Date 8/2/2000 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $56,000. 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 5 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Ups Capital Business Credit that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Realistic Debt Financing Options Small Business Banks in Windsor, Connecticut
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