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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Hanmi Bank Los Angeles Business Loans > The Ups Store #4465 Loan | ||||
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Best Banks for San Clemente, California Small Business Owners
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Borrow Money to Buy an UPS Store FranchiseNeed money to purchase an UPS Store franchise? Hanmi Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in San Clemente, California needed money to invest in an UPS Store franchise back in 2005. Hanmi Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower THE UPS STORE #4465 SBA Loan Lender HANMI BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 491110 - Postal Service Loan Approval Date 7/21/2005 Loan Approval Gross Amount $147,600 Loan Approval from the SBA Of the total $147,600 loan amount, the SBA guaranteed $73,800. 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 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $147,600. How would you spend $147,600 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. Related Links: Small Business Banks in Los Angeles, California
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