Loan Census Banking News and Information
April 19, 2024  
 
 
  Business Loan Information  
 

San Luis Obispo, California Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Loan to Buy The UPS Store Franchise Issued By Heritage Oaks Bank

Need money to buy a UPS Store franchise? Heritage Oaks Bank has a history of making these loans and they are guaranteed by the SBA.

The UPS Store franchise loans are available to San Luis Obispo, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Heritage Oaks Bank, based in Paso Robles, California, issued an SBA franchise loan for a The UPS Store franchise in 2005. We've got all the details on this California small business loan.

SBA Loan Borrower

THE UPS STORE 2479, LLC
SAN LUIS OBISPO, CA 93401

SBA Loan Lender

HERITAGE OAKS BANK
545 12TH ST
PASO ROBLES, CA 93446

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

6/2/2005

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 an existing business. This loan was used to buy a The UPS Store franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, things become real when you believe you can achieve them!

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:

The UPS Store

Startup Funding Tip

SBA Participating Banks in Paso Robles, California

SBA Lenders in California