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November 21, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > The Ups Store #4210 Loan | ||||
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Requirements for Borrowing Money to Buy a Franchise
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Phoenix, AZ Entrepreneur Gets SBA Loan to Buy The UPS Store FranchiseBorrowing money to buy a UPS Store franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a The UPS Store franchise shouldn't be overly burdensome. In 2003, Business Lenders, LLC issued an SBA franchise loan to an entrepreneur in Phoenix, Arizona. Because The UPS Store was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis. SBA Loan Borrower THE UPS STORE #4210 SBA Loan Lender BUSINESS LENDERS, LLC 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 561439 - Business Service Centers Loan Approval Date 12/31/2003 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. 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 3 employees. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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 Business Lenders, LLC 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: Who Lends Money to Small Businesses in Hartford, Connecticut
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