Amer Security Bank & Trust Provides SBA Loan to Buy Pakmail Centers Of America Franchise

Borrowing money to buy a Pakmail Centers Of America franchise? Amer Security Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Pakmail Centers Of America franchise? If so, here's a 2005 SBA franchise loan that you should know about. Amer Security Bank & Trust was the lender and the entrepreneur was based in Gallatin, Tennessee.

SBA Loan Borrower

PAK MAIL US #775
GALLATIN, TN 37066

SBA Loan Lender

AMER SECURITY BANK & TRUST
101 SPRING HOUSE CT
HENDERSONVILLE, TN 37075

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

12/29/2005

Loan Approval Gross Amount

$144,000

Loan Approval from the SBA

Of the total $144,000 loan amount, the SBA guaranteed $122,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pakmail Centers Of America franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Gallatin TN, you ought to talk with a local Gallatin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gallatin businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Amer Security Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Pak Mail Centers of America, Inc.

Obtaining Funding - How to Decide How Much to Raise

Who Lends Money to Small Businesses in Hendersonville, Tennessee

Getting an SBA Loan in Tennessee