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May 19, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Columbia, Business Loans > Business Devel Corp - So. Caro Columbia Business Loans > The Ups Store Loan | ||||
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SBA 7A Banks in South Carolina
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West Columbia, SC Entrepreneur Gets SBA Loan to Buy The UPS Store FranchiseBorrowing money to invest in a UPS Store franchise? Business Devel Corp - So. Caro has a history of making these loans and they are guaranteed by the SBA. The UPS Store franchise loans are available to West Columbia, South Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Business Devel Corp - So. Caro, based in Columbia, South Carolina, issued an SBA franchise loan for a The UPS Store franchise in 2005. We've got all the details on this South Carolina small business loan. SBA Loan Borrower THE UPS STORE SBA Loan Lender BUSINESS DEVEL CORP - SO. CARO 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 561431 - Private Mail Centers Loan Approval Date 3/10/2005 Loan Approval Gross Amount $1,100,000 Loan Approval from the SBA Of the total $1,100,000 loan amount, the SBA guaranteed $825,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a The UPS Store franchise. At the time of the loan, the company had 17 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 17 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: Banking Deregulation's Effects on Entrepreneurship Best Columbia, South Carolina Banks for Small Business Getting an SBA Loan in South Carolina
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