First Charter Bank Provides SBA Loan to Buy UPS Store Franchise

Need a loan to buy an UPS Store franchise? First Charter Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Concord, North Carolina needed money to invest in an UPS Store franchise back in 2007. First Charter Bank issued an SBA franchise loan. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

UPS STORE
CONCORD, NC 28081

SBA Loan Lender

FIRST CHARTER BANK
10200 DAVID TAYLOR DR
CHARLOTTE, NC 28262

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561499 - Business Support Services

Loan Approval Date

10/26/2007

Loan Approval Gross Amount

$182,800

Loan Approval from the SBA

Of the total $182,800 loan amount, the SBA guaranteed $137,100.

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 application for the borrower indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

If you want money for new small business in Concord NC, you ought to talk with a local Concord SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Concord businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $182,800 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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First Charter Bank Provides SBA Loan to Buy UPS Store Franchise