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May 16, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Gaffney, Business Loans > American Community Bank Gaffney Business Loans > Ups Store Loan | ||||
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Good Sources for Boiling Springs SBA Loans
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South Carolina Entrepreneur Secures Financing to Buy UPS Store FranchiseNeed money to invest in an UPS Store franchise? American Community Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Boiling Springs, South Carolina needed money to invest in an UPS Store franchise back in 2006. American Community Bank issued an SBA franchise loan. Here are the details on this South Carolina small business loan. SBA Loan Borrower UPS STORE SBA Loan Lender AMERICAN COMMUNITY BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561439 - Business Service Centers Loan Approval Date 8/3/2006 Loan Approval Gross Amount $332,800 Loan Approval from the SBA Of the total $332,800 loan amount, the SBA guaranteed $249,600. 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 only one employee. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Accountant's Role in Securing Financing Find an SBA Lender in Gaffney, South Carolina Find an SBA Lender in South Carolina
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