Raising Money for Metal Window and Door Manufacturing
With these bank loans for metal window and door manufacturing, the SBA guarantees the lender that the loan will be repaid. This metal window and door manufacturing loan for $150,000 was given to a Florida entrepreneur in 2001.
This company knew how to go about getting a business bank loan. Based in North Miami Beach, Florida, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Ups Capital Business Credit, based in Miami, Florida.
SBA Loan Borrower
COMPANY TYPE: METAL DOORS, SASH, FRAMES, MOLDING, AND TRIM
NORTH MIAMI BEACH, FL 33162
SBA Loan Lender
UPS CAPITAL BUSINESS CREDIT
1001 BRICKELL BAY DR, STE 181
MIAMI, FL 33131
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3442 - Metal Doors, Sash, Frames, Molding, and Trim
NAICS Code
332321 - Metal Window and Door Manufacturing
Loan Approval Date
8/1/2001
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. This loan was not for a franchise. At the time of the loan, the company
had 7 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Ups Capital Business Credit that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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.
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