The Huntington National Bank Provides SBA Loan to Buy UPS Store Franchise
Need a loan to invest in an UPS Store franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in New Philadelphia, Ohio needed money to invest in an UPS Store franchise back in 2007. The Huntington National Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan.
SBA Loan Borrower
ALLEN GREEN ENTERPRISES, LLC
New Philadelphia, OH 44663
SBA Loan Lender
THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219
This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
561431 - Private Mail Centers
Loan Approval Date
8/2/2007
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $75,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy an UPS Store franchise. At the time of the loan, the company
had no employees. The SBA loan documents indicated that the borrowed money would help create 2 new jobs.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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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