Western State Bank Provides SBA Loan to Buy The UPS Store Franchise

Need money to invest in a UPS Store franchise? Western State Bank has a history of making these loans and they are guaranteed by the SBA.

The UPS Store franchise loans are available to Fargo, North Dakota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Western State Bank, based in Devils Lake, North Dakota, issued an SBA franchise loan for a The UPS Store franchise in 2005. We've got all the details on this North Dakota small business loan.

SBA Loan Borrower

3D GROUP,LLC DBA THE UPS STORE
FARGO, ND 58103

SBA Loan Lender

WESTERN STATE BANK
110 4TH ST SE
DEVILS LAKE, ND 58301

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

5/16/2005

Loan Approval Gross Amount

$343,500

Loan Approval from the SBA

Of the total $343,500 loan amount, the SBA guaranteed $257,625.

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 5 employees. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Western State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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

Business Cash Advances

Banks in Devils Lake, North Dakota

North Dakota SBA 7A Lenders