Loan to Buy The UPS Store Franchise Issued By Cornerstonebank

Need a loan to buy a UPS Store franchise? Cornerstonebank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a The UPS Store franchise shouldn't be too tough. In 2004, Cornerstonebank issued an SBA franchise loan to an entrepreneur in Atlanta, Georgia. Because The UPS Store was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

THE UPS STORE
ATLANTA, GA 30312

SBA Loan Lender

CORNERSTONEBANK
2060 MT PARAN RD NW, STE 100
ATLANTA, GA 30327

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

5/27/2004

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $131,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a The UPS Store franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help create 2 new jobs.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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:

The UPS Store

Attracting Investors

Best Atlanta, Georgia Banks for Small Business

Find an SBA Lender in Georgia