Citizens National Bank Provides SBA Loan to Buy UPS Store Franchise
Need a loan to purchase an UPS Store franchise? Citizens National Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy an UPS Store franchise? If so, here's a 2004 SBA franchise loan that you should know about. Citizens National Bank was the lender and the entrepreneur was based in Bossier City, Louisiana.
SBA Loan Borrower
THE UPS STORE
BOSSIER CITY, LA 71111
SBA Loan Lender
CITIZENS NATIONAL BANK
2711 E TEXAS ST
BOSSIER CITY, LA 71111
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
561499 - Business Support Services
Loan Approval Date
8/13/2004
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 a new business. This loan was used to buy an UPS Store franchise. At the time of the loan, the company
had 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Citizens National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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 Friends and Family Network
SBA 7A Banks for Bossier City, Louisiana Loans
Find an SBA Lender in Louisiana