Minnesota Entrepreneur Secures Financing to Buy UPS Store Franchise

Need a loan to invest in an UPS Store franchise? American Bank Of St. Paul has a history of making these loans and they are guaranteed by the SBA.

UPS Store franchise loans are available to Anoka, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, American Bank Of St. Paul, based in Saint Paul, Minnesota, issued an SBA franchise loan for an UPS Store franchise in 2005. We've got all the details on this Minnesota small business loan.

SBA Loan Borrower

THE UPS STORE OF FOREST LAKE M
ANOKA, MN 55303

SBA Loan Lender

AMERICAN BANK OF ST. PAUL
1578 UNIVERSITY AVE WEST
SAINT PAUL, MN 55104

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

9/30/2005

Loan Approval Gross Amount

$220,000

Loan Approval from the SBA

Of the total $220,000 loan amount, the SBA guaranteed $165,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an UPS Store franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the borrowed money would help generate 5 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like American Bank Of St. Paul 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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