Loan to Buy Petland Franchise Issued By Ups Capital Business Credit

Borrowing money to buy a Petland franchise? Ups Capital Business Credit has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in South Elgin, Illinois needed money to invest in a Petland franchise back in 2005. Ups Capital Business Credit issued an SBA franchise loan. Here are the details on this Illinois small business loan.

SBA Loan Borrower

TR VENTURES INC
SOUTH ELGIN, IL 60177

SBA Loan Lender

UPS CAPITAL BUSINESS CREDIT
425 DAY HILL RD
WINDSOR, CT 06095

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

11/23/2005

Loan Approval Gross Amount

$686,500

Loan Approval from the SBA

Of the total $686,500 loan amount, the SBA guaranteed $514,875.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Petland franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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