M&i Marshall & Ilsley Bank Provides SBA Loan to Buy UPS Store Franchise
Borrowing money to invest in an UPS Store franchise? M&i Marshall & Ilsley Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy an UPS Store franchise shouldn't be too tough. In 2004, M&i Marshall & Ilsley Bank issued an SBA franchise loan to an entrepreneur in Lenexa, Kansas. Because UPS Store was registered with the SBA's registry of franchises, this Kansas small business loan was issued on an expedited basis.
SBA Loan Borrower
AV II ENTERPRISES LLC
LENEXA, KS 66219
SBA Loan Lender
M&I MARSHALL & ILSLEY BANK
11301 NALL AVE
LEAWOOD, KS 66211
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561910 - Packaging and Labeling Services
Loan Approval Date
7/7/2004
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 an UPS Store franchise. At the time of the loan, the company
had 5 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like M&i Marshall & Ilsley Bank and they will explain how you can get an SBA loan for your company.
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:
Advice on Getting a Small Business Loan
Find an SBA Lender in Leawood, Kansas
Getting an SBA Loan in Kansas