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May 2, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Magnetic And Optical Recording Media Manufacturing Loan | ||||
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Windsor, Connecticut Bank for SBA Loans
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Windsor, Connecticut Lender Lends Money to Magnetic And Optical Recording Media Manufacturing CompanyThinking about meeting with a Windsor, Connecticut bank about a business loan? Here's one Maryland 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 business in Upper Marlboro (marlboro), Maryland. They received an SBA loan for $500,000. Great job! SBA Loan Borrower COMPANY TYPE: MAGNETIC AND OPTICAL RECORDING MEDIA MANUFACTURING 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 334613 - Magnetic and Optical Recording Media Manufacturing Loan Approval Date 7/17/2001 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 18 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 18 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Ups Capital Business Credit had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Ups Capital Business Credit made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - How to Borrow Money Find an SBA Lender in Windsor, Connecticut SBA Participating Banks in Connecticut
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