Montgomery, TX Entrepreneur Gets SBA Loan to Buy The UPS Store Franchise

Borrowing money to purchase a UPS Store franchise? Prosper Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a The UPS Store franchise may simply require a phone call to a local SBA banker. In 2006, Prosper Bank issued an SBA franchise loan to an entrepreneur in Montgomery, Texas. Because The UPS Store was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

THE UPS STORE
MONTGOMERY, TX 77356

SBA Loan Lender

PROSPER BANK
805 E 1ST ST
PROSPER, TX 75078

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561439 - Business Service Centers

Loan Approval Date

5/12/2006

Loan Approval Gross Amount

$186,500

Loan Approval from the SBA

Of the total $186,500 loan amount, the SBA guaranteed $139,875.

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 loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Prosper Bank 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.

Related Links:

The UPS Store

Business Line of Credit

Best Banks in Prosper, Texas

Texas SBA Bank Lenders