Independence Bank Provides SBA Loan to Buy The UPS Store Franchise

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

Getting money to buy a The UPS Store franchise shouldn't be overly burdensome. In 2003, Independence Bank issued an SBA franchise loan to an entrepreneur in Davie, Florida. Because The 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

THE UPS STORE
DAVIE, FL 33325

SBA Loan Lender

INDEPENDENCE BANK
1370 S COUNTY TRL
EAST GREENWICH, RI 02818

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4215 - Courier Services

NAICS Code

492110 - Couriers and Express Delivery Services

Loan Approval Date

8/11/2003

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 a The UPS Store franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

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SBA loans provide smart, affordable business financing for small businesses looking to expand.

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:

The UPS Store

A Company That Helps Entrepreneurs

Find an SBA Lender in East Greenwich, Rhode Island

Getting a Business Loan in Rhode Island