Massachusetts Entrepreneur Secures Financing to Buy The UPS Store Franchise

Need money to buy a UPS Store franchise? Newtek Small Business Finance Inc. has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in East Falmouth, Massachusetts needed money to invest in a The UPS Store franchise back in 2004. Newtek Small Business Finance Inc. issued an SBA franchise loan. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

THE UPS STORE
EAST FALMOUTH, MA 02536

SBA Loan Lender

NEWTEK SMALL BUSINESS FINANCE INC.
1440 BROADWAY, 17TH FL.
NEW YORK, NY 10018

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

561431 - Private Mail Centers

Loan Approval Date

12/9/2004

Loan Approval Gross Amount

$161,100

Loan Approval from the SBA

Of the total $161,100 loan amount, the SBA guaranteed $120,825.

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 only one employee. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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