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November 14, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Franklin, Business Loans > Greenbank Franklin Business Loans > The Ups Store Loan | ||||
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SBA 7A Banks in Tennessee
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Tennessee Entrepreneur Secures Financing to Buy UPS Store FranchiseNeed a loan to buy an UPS Store franchise? Greenbank 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 2007 SBA franchise loan that you should know about. Greenbank was the lender and the entrepreneur was based in Brentwood, Tennessee. SBA Loan Borrower THE UPS STORE SBA Loan Lender GREENBANK This lender issued this debt financing under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 491110 - Postal Service Loan Approval Date 11/28/2007 Loan Approval Gross Amount $450,000 Loan Approval from the SBA Of the total $450,000 loan amount, the SBA guaranteed $337,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an UPS Store franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. 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. 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: SBA Approved Banks in Franklin, Tennessee
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