 |
 |
October 31, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Devon, Business Loans > Commerce Bank Devon Business Loans > The Ups Store Loan | ||||
 |
||||
Small Business Banks for East Norriton (township Of) Small Business Owners
|
||||
 |
Borrow Money to Buy a The UPS Store FranchiseNeed a loan to buy a UPS Store franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in East Norriton (township Of), Pennsylvania needed money to invest in a The UPS Store franchise back in 2004. Commerce Bank issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan. SBA Loan Borrower THE UPS STORE SBA Loan Lender COMMERCE BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 492110 - Couriers and Express Delivery Services Loan Approval Date 9/3/2004 Loan Approval Gross Amount $207,600 Loan Approval from the SBA Of the total $207,600 loan amount, the SBA guaranteed $155,700. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a The UPS Store franchise. At the time of the loan, the company had only one employee. The loan application indicated that the borrowed money would help create 4 new jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. 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: The Friends and Family Network Best Banks in Devon, Pennsylvania Where to Get an SBA Loan Pennsylvania
|
|
||
|
||||
|
|
||||