Loan to Buy Petland Franchise Issued By Ups Capital Business Credit

Borrowing money to buy a Petland franchise? Ups Capital Business Credit has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Petland franchise? If so, here's a 2005 SBA franchise loan that you should know about. Ups Capital Business Credit was the lender and the entrepreneur was based in Jeannette, Pennsylvania.

SBA Loan Borrower

SLIVKO & ASSOCIATES LLC
JEANNETTE, PA 15644

SBA Loan Lender

UPS CAPITAL BUSINESS CREDIT
425 DAY HILL RD
WINDSOR, CT 06095

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

453910 - Pet and Pet Supplies Stores

Loan Approval Date

4/8/2005

Loan Approval Gross Amount

$344,500

Loan Approval from the SBA

Of the total $344,500 loan amount, the SBA guaranteed $258,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Petland franchise. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 15 existing jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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