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December 25, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > The Ups Store Loan | ||||
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Small Business Banks for Sharon (town Of), Massachusetts Entrepreneurs
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Business Lenders, LLC Provides SBA Loan to Buy Mail Boxes Etc. Usa FranchiseNeed money to buy a Mail Boxes Etc. Usa franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Sharon (town Of), Massachusetts needed money to invest in a Mail Boxes Etc. Usa franchise back in 2004. Business Lenders, LLC issued an SBA franchise loan. Here are the details on this Massachusetts small business loan. SBA Loan Borrower THE UPS STORE SBA Loan Lender BUSINESS LENDERS, LLC Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561439 - Business Service Centers Loan Approval Date 12/2/2004 Loan Approval Gross Amount $530,000 Loan Approval from the SBA Of the total $530,000 loan amount, the SBA guaranteed $397,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Mail Boxes Etc. Usa franchise. At the time of the loan, the company had 25 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 19 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Business Lenders, LLC and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Banking Deregulation's Effects on Entrepreneurship Best Banks in Hartford, Connecticut
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