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November 14, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Planet Beach Of Oldsmar Loan | ||||
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Florida Small Business Funding for Franchises
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Tampa, FL Entrepreneur Gets SBA Loan to Buy Planet Beach FranchiseBorrowing money to buy a Planet Beach franchise? Ups Capital Business Credit has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Tampa, Florida needed money to invest in a Planet Beach franchise back in 2005. Ups Capital Business Credit issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower PLANET BEACH OF OLDSMAR SBA Loan Lender UPS CAPITAL BUSINESS CREDIT 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 812990 - Personal Services Loan Approval Date 11/2/2005 Loan Approval Gross Amount $356,000 Loan Approval from the SBA Of the total $356,000 loan amount, the SBA guaranteed $267,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Planet Beach franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Best Banks for Small Business in Windsor, Connecticut
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