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April 29, 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 > Construction And Mining Machinery And Equipment Wholesale Loan | ||||
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Windsor Bank Loan
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Windsor, Connecticut Bank Gives SBA Loan to Construction And Mining Machinery And Equipment Wholesale CompanyThinking about meeting with a Windsor, Connecticut bank about a business loan? Here's one Connecticut business loan, issued by a Windsor bank, that was approved by the SBA. Applying for an SBA loan with Ups Capital Business Credit worked out well for our friends at one local company in Old Saybrook, Connecticut. The business was able to get an SBA loan for $1,000,000. Awesome! SBA Loan Borrower COMPANY TYPE: CONSTRUCTION AND MINING MACHINERY AND EQUIPMENT WHOLESALE SBA Loan Lender UPS CAPITAL BUSINESS CREDIT When this loan was made, the lender participated in the SBA's Certified Lenders Program (CLP). This program aims to offer rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421810 - Construction and Mining Machinery and Equipment Wholesale Loan Approval Date 12/20/2001 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. 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 8 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,000,000 loan. Remember, things become real when you believe you can achieve them! 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: SBA 7A Lenders in Windsor, Connecticut
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