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April 29, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Roseburg, Business Loans > Umpqua Bank Roseburg Business Loans > The Ups Store Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Sacramento, CA Entrepreneur Gets SBA Loan to Buy UPS Store FranchiseBorrowing money to purchase an UPS Store franchise? Umpqua Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy an UPS Store franchise is doable. In 2004, Umpqua Bank issued an SBA franchise loan to an entrepreneur in Sacramento, California. Because UPS Store was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower THE UPS STORE SBA Loan Lender UMPQUA BANK This lender provides SBA debt financing 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 561439 - Business Service Centers Loan Approval Date 10/12/2004 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 an UPS Store franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Raising VC Money for Social Networking Companies
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