South Carolina Entrepreneur Secures Financing to Buy UPS Store Franchise
Need money to invest in an UPS Store franchise? American Community Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Boiling Springs, South Carolina needed money to invest in an UPS Store franchise back in 2006. American Community Bank issued an SBA franchise loan. Here are the details on this South Carolina small business loan.
SBA Loan Borrower
UPS STORE
BOILING SPRINGS, SC 29311
SBA Loan Lender
AMERICAN COMMUNITY BANK
217 N GRANARD ST
GAFFNEY, SC 29341
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561439 - Business Service Centers
Loan Approval Date
8/3/2006
Loan Approval Gross Amount
$332,800
Loan Approval from the SBA
Of the total $332,800 loan amount, the SBA guaranteed $249,600.
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 only one employee. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
While you may be able to find business people willing to loan money, 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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