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November 22, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Ups Store Loan | ||||
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Business Loans for Bradenton Business Owners
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Borrow Money to Buy an UPS Store FranchiseNeed money to invest in an UPS Store franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy an UPS Store franchise shouldn't be overly burdensome. In 2005, Stearns Bank issued an SBA franchise loan to an entrepreneur in Bradenton, Florida. Because UPS Store was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis. SBA Loan Borrower UPS STORE SBA Loan Lender STEARNS BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank 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. SIC Code 7389 - Business Services NAICS Code 561431 - Private Mail Centers Loan Approval Date 8/17/2005 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 2 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours 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. Related Links: Best Saint Cloud, Minnesota Banks for Small Business
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