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May 5, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Industrial Mold Manufacturing Loan | ||||
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NY Business Loan from Ups Capital Business Credit
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SBA Loan from Ups Capital Business Credit Helps Industrial Mold 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 Victor, New York business owner got a $150,000 loan. This business knew how to go about getting a business bank loan. Based in Victor, New York, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Ups Capital Business Credit, based in Windsor, Connecticut. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL MOLD MANUFACTURING SBA Loan Lender UPS CAPITAL BUSINESS CREDIT Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333511 - Industrial Mold Manufacturing Loan Approval Date 3/26/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 43 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 43 existing jobs. Getting an SBA Loan For Your Business 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Where to Get an SBA Loan in Windsor, Connecticut
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