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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > The Woodlands, Business Loans > Woodforest National Bank The Woodlands Business Loans > The Ups Store Loan | ||||
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SBA Franchise Financing Lender Kingwood Texas
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Kingwood, TX Entrepreneur Gets SBA Loan to Buy Mail Boxes Etc. Usa FranchiseNeed money to invest in a Mail Boxes Etc. Usa franchise? Woodforest National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Kingwood, Texas needed money to invest in a Mail Boxes Etc. Usa franchise back in 2003. Woodforest National Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower THE UPS STORE SBA Loan Lender WOODFOREST NATIONAL BANK This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 491110 - Postal Service Loan Approval Date 11/5/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mail Boxes Etc. Usa franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Woodforest National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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 Participating Banks in The Woodlands, Texas
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