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May 19, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > New Orleans, Business Loans > Whitney National Bank New Orleans Business Loans > The Ups Store Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Louisiana Entrepreneur Secures Financing to Buy UPS Store FranchiseNeed money to buy an UPS Store franchise? Whitney National Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy an UPS Store franchise? If so, here's a 2006 SBA franchise loan that you should know about. Whitney National Bank was the lender and the entrepreneur was based in New Orleans, Louisiana. SBA Loan Borrower THE UPS STORE SBA Loan Lender WHITNEY NATIONAL BANK 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 SBA 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 488991 - Packing and Crating Loan Approval Date 9/11/2006 Loan Approval Gross Amount $127,500 Loan Approval from the SBA Of the total $127,500 loan amount, the SBA guaranteed $108,375. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an UPS Store franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in New Orleans or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Obtaining Funding - How to Borrow Money Good Banks for Small Business in New Orleans, Louisiana Where to Get an SBA Loan Louisiana
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