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May 2, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Synthetic Rubber Manufacturing Loan | ||||
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Palmetto SBA Loans from Ups Capital Business Credit
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SBA Loan from Ups Capital Business Credit Helps Synthetic Rubber Manufacturing CompanyAn SBA loan from Ups Capital Business Credit typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Palmetto, Georgia business owner got a $1,300,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Palmetto, Georgia was able to borrow $1,300,000 from Ups Capital Business Credit. The SBA made the loan possible by guaranteeing $975,000 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: SYNTHETIC RUBBER MANUFACTURING SBA Loan Lender UPS CAPITAL BUSINESS CREDIT The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 325212 - Synthetic Rubber Manufacturing Loan Approval Date 8/22/2001 Loan Approval Gross Amount $1,300,000 Loan Approval from the SBA Of the total $1,300,000 loan amount, the SBA guaranteed $975,000. 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 150 employees. The loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,300,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Best Banks in Windsor, Connecticut
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