Star Business & Indust Devel Provides SBA Loan to Buy United Check Cashing,Inc. Franchise

Borrowing money to purchase an United Check Cashing,Inc. franchise? Star Business & Indust Devel has a history of making these loans and they are guaranteed by the SBA.

United Check Cashing,Inc. franchise loans are available to Bethlehem, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Star Business & Indust Devel, based in Ardmore, Pennsylvania, issued an SBA franchise loan for an United Check Cashing,Inc. franchise in 2004. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

UNITED CHECK CASHING
BETHLEHEM, PA 18017

SBA Loan Lender

STAR BUSINESS & INDUST DEVEL
2320 HAVERFORD AVENUE, SUITE
ARDMORE, PA 19003

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

525990 - Financial Vehicles

Loan Approval Date

11/16/2004

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an United Check Cashing,Inc. franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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