California Entrepreneur Secures Financing to Buy UPS Store Franchise

Borrowing money to buy an UPS Store franchise? First Private Bank & Trust 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. First Private Bank & Trust was the lender and the entrepreneur was based in Calabasas, California.

SBA Loan Borrower

THE UPS STORE #3311 AND #1047
CALABASAS, CA 91302

SBA Loan Lender

FIRST PRIVATE BANK & TRUST
16000 VENTURA BLVD
ENCINO, CA 91436

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

10/4/2007

Loan Approval Gross Amount

$370,000

Loan Approval from the SBA

Of the total $370,000 loan amount, the SBA guaranteed $277,500.

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 4 employees. The SBA loan documents indicated that the borrowed money would help create 2 new jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Calabasas CA, you ought to talk with a local Calabasas SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Calabasas businesses.

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 First Private Bank & Trust 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:

Microlending as a Small Business Funding Source

Small Bank Loans in Encino, California

Getting an SBA Loan in California