Borrow Money to Buy a The UPS Store Franchise

Borrowing money to invest in a UPS Store franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

The UPS Store franchise loans are available to Hampton Bays, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a The UPS Store franchise in 2004. We've got all the details on this New York small business loan.

SBA Loan Borrower

UPS STORE
HAMPTON BAYS, NY 11946

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

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

491110 - Postal Service

Loan Approval Date

5/7/2004

Loan Approval Gross Amount

$179,200

Loan Approval from the SBA

Of the total $179,200 loan amount, the SBA guaranteed $134,400.

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. This SBA loan request indicated that the loan would help create 2 new jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Hampton Bays NY, you ought to talk with a local Hampton Bays SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hampton Bays businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Cit Small Business Lending Corp so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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New Jersey SBA Bank Lenders