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May 1, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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Tennessee SBA Loan from Ups Capital Business Credit
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SBA Loan from Ups Capital Business Credit Helps Gasoline Stations With Convenience Stores 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 Soddy Daisy, Tennessee business owner got a $550,000 loan. This small firm knew how to go about getting a business bank loan. Based in Soddy Daisy, Tennessee, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Ups Capital Business Credit, based in Windsor, Connecticut. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE 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 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 3/2/2006 Loan Approval Gross Amount $550,000 Loan Approval from the SBA Of the total $550,000 loan amount, the SBA guaranteed $412,500. 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 2 employees. This SBA loan request indicated that the loan would help generate 9 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan If you need business start up money in Soddy Daisy TN, you ought to talk with a local Soddy Daisy SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Soddy Daisy businesses. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Ups Capital Business Credit so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Role of Business Plan When Raising Money Small Bank Loans in Windsor, Connecticut
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