Cit Small Business Lending Corp Provides SBA Loan to Buy The UPS Store Franchise

Borrowing money to buy a UPS Store franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a The UPS Store franchise is doable. In 2003, Cit Small Business Lending Corp issued an SBA franchise loan to an entrepreneur in Sarasota, Florida. Because The UPS Store was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

THE UPS STORE
SARASOTA, FL 34233

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

This lender provides SBA guaranteed business 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

561431 - Private Mail Centers

Loan Approval Date

11/18/2003

Loan Approval Gross Amount

$266,800

Loan Approval from the SBA

Of the total $266,800 loan amount, the SBA guaranteed $200,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Sarasota FL, you ought to talk with a local Sarasota SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sarasota businesses.

We can help you find the best banks for small businesses in Sarasota or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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

Microlending as a Small Business Funding Source

Find an SBA Lender in Livingston, New Jersey

New Jersey SBA 7A Lenders