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April 28, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Philadelphia, Business Loans > Commerce Bank Philadelphia Business Loans > The Ups Store Loan | ||||
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How Can I Buy a Franchise in New York, New York?
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Commerce Bank Provides SBA Loan to Buy The UPS Store FranchiseBorrowing money to purchase a UPS Store franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a The UPS Store franchise shouldn't be too tough. In 2003, Commerce Bank issued an SBA franchise loan to an entrepreneur in New York, New York. Because The UPS Store was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis. SBA Loan Borrower THE UPS STORE SBA Loan Lender COMMERCE BANK This lender provides SBA loan for small businesses 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 561431 - Private Mail Centers Loan Approval Date 10/17/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 funding would help create 2 new jobs. 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. Related Links: Who Lends Money to Small Businesses in Philadelphia, Pennsylvania
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