Wallis State Bank Provides SBA Loan to Buy UPS Store Franchise

Borrowing money to purchase an UPS Store franchise? Wallis State Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Pearland, Texas needed money to invest in an UPS Store franchise back in 2007. Wallis State Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

RAPID DISPATCH INC
PEARLAND, TX 77584

SBA Loan Lender

WALLIS STATE BANK
6510 RAILROAD
WALLIS, TX 77485

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

491110 - Postal Service

Loan Approval Date

10/11/2007

Loan Approval Gross Amount

$149,700

Loan Approval from the SBA

Of the total $149,700 loan amount, the SBA guaranteed $74,850.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an UPS Store franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 4 existing jobs.

Getting an SBA Loan For Your Business

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

We can help you find the best banks for small businesses in Pearland or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Getting a Small Business Loan

SBA Banks in Wallis, Texas

SBA Texas Lenders