Loan to Buy UPS Store Franchise Issued By Td Banknorth

Need a loan to buy an UPS Store franchise? Td Banknorth has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Seabrook, New Hampshire needed money to invest in an UPS Store franchise back in 2004. Td Banknorth issued an SBA franchise loan. Here are the details on this New Hampshire small business loan.

SBA Loan Borrower

MEH SEABROOK, INC. DBA UPS
Seabrook, NH 03874

SBA Loan Lender

TD BANKNORTH
1 PORTLAND SQ
PORTLAND, ME 04101

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

561431 - Private Mail Centers

Loan Approval Date

11/15/2004

Loan Approval Gross Amount

$18,600

Loan Approval from the SBA

Of the total $18,600 loan amount, the SBA guaranteed $9,300.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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