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May 2, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Pharmacies And Drug Stores Loan | ||||
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Best Banks for Lauderdale Lakes Small Business Owners
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Pharmacies and Drug Stores Commercial LoansLooking for commercial loans for pharmacies and drug stores? An SBA loan may be just what you've been looking for. This $1,900,000 pharmacies and drug stores loan was issued by a Connecticut bank. This small business knew how to go about getting a business bank loan. Based in Lauderdale Lakes, Florida, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Ups Capital Business Credit, based in Windsor, Connecticut. SBA Loan Borrower COMPANY TYPE: PHARMACIES AND DRUG STORES 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 446110 - Pharmacies and Drug Stores Loan Approval Date 12/2/2005 Loan Approval Gross Amount $1,900,000 Loan Approval from the SBA Of the total $1,900,000 loan amount, the SBA guaranteed $1,425,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the loan would help retain 7 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Ups Capital Business Credit and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Best Banks for Small Business in Windsor, Connecticut Find an SBA Lender in Connecticut
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