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May 17, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Kennesaw, Business Loans > Georgia State Bank Kennesaw Business Loans > Ups Store (the) (clifford And Loan | ||||
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Dallas, Georgia Bank for SBA Loans
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Georgia State Bank Provides SBA Loan to Buy UPS Store FranchiseNeed money to invest in an UPS Store franchise? Georgia State Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Dallas, Georgia needed money to invest in an UPS Store franchise back in 2004. Georgia State Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan. SBA Loan Borrower UPS STORE (THE) (CLIFFORD AND SBA Loan Lender GEORGIA STATE BANK This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561431 - Private Mail Centers Loan Approval Date 8/23/2004 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. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Best Kennesaw, Georgia Banks for Small Business
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