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April 29, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Madison, Business Loans > Great Wisconsin Cu Madison Business Loans > The Ups Store Loan | ||||
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Rice Lake, Wisconsin Bank for SBA Loans
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Loan to Buy UPS Store Franchise Issued By Great Wisconsin CuNeed a loan to invest in an UPS Store franchise? Great Wisconsin Cu has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Rice Lake, Wisconsin needed money to invest in an UPS Store franchise back in 2005. Great Wisconsin Cu issued an SBA franchise loan. Here are the details on this Wisconsin small business loan. SBA Loan Borrower THE UPS STORE SBA Loan Lender GREAT WISCONSIN CU This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 491110 - Postal Service Loan Approval Date 6/29/2005 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. 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 4 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Great Wisconsin Cu are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Role of Business Plan When Raising Money Where to Get an SBA Loan in Madison, Wisconsin
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