Wells Fargo Bank Provides SBA Loan to Buy The UPS Store Franchise
Borrowing money to invest in a UPS Store franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a The UPS Store franchise requires some effort but others before you have been successful. In 2004, Wells Fargo Bank issued an SBA franchise loan to an entrepreneur in Superior, Colorado. Because The UPS Store was registered with the SBA's registry of franchises, this Colorado small business loan was issued on an expedited basis.
SBA Loan Borrower
THE UPS STORE #5183
SUPERIOR, CO 80027
SBA Loan Lender
WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113
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
561431 - Private Mail Centers
Loan Approval Date
9/9/2004
Loan Approval Gross Amount
$138,000
Loan Approval from the SBA
Of the total $138,000 loan amount, the SBA guaranteed $117,300.
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 only one employee. The loan application indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to raise money for a company in Superior CO, you ought to talk with a local Superior SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Superior businesses.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Wells Fargo Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Wells Fargo Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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
Advice on Getting a Small Business Loan
Banks in San Jose, California
SBA California Banks