North Carolina Entrepreneur Secures Financing to Buy UPS Store Franchise

Need money to purchase an UPS Store franchise? First-Citizens Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

UPS Store franchise loans are available to Wilmington, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First-Citizens Bank & Trust, based in Wilmington, North Carolina, issued an SBA franchise loan for an UPS Store franchise in 2005. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

UPS STORE (JOSH MORRIS)
WILMINGTON, NC 28409

SBA Loan Lender

FIRST-CITIZENS BANK & TRUST
315 MARKET ST
WILMINGTON, NC 28401

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

453998 - Store Retailers

Loan Approval Date

9/30/2005

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 a new 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 did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First-Citizens Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Advice on Getting a Small Business Loan

Where to Get an SBA Loan in Wilmington, North Carolina

North Carolina SBA 7A Lenders