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May 5, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Buffalo, Business Loans > First Niagara Bank Buffalo Business Loans > Ups Store #2299 Loan | ||||
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Business Loans for Amherst Small Business Owners
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Amherst, NY Entrepreneur Gets SBA Loan to Buy Mailboxes & Parcel Depot FranchiseNeed money to purchase a Mailboxes & Parcel Depot franchise? First Niagara Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Amherst, New York and are interested in buying a Mailboxes & Parcel Depot franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by First Niagara Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower UPS STORE #2299 SBA Loan Lender FIRST NIAGARA BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4783 - Packing and Crating NAICS Code 488991 - Packing and Crating Loan Approval Date 5/15/2003 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Mailboxes & Parcel Depot franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $40,000 loan. Remember, anyone can do it... so why not you? 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: SBA 7A Lenders in Buffalo, New York
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