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April 28, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Orlando, Business Loans > Banco Popular Orlando Business Loans > Pak Mail Loan | ||||
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Best Banks for Miami Franchises
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Loan to Buy Pakmail Centers Of America Franchise Issued By Banco PopularBorrowing money to purchase a Pakmail Centers Of America franchise? Banco Popular has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Pakmail Centers Of America franchise is doable. In 2001, Banco Popular issued an SBA franchise loan to an entrepreneur in Miami, Florida. Because Pakmail Centers Of America was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis. SBA Loan Borrower PAK MAIL SBA Loan Lender BANCO POPULAR This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring 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. SIC Code 7389 - Business Services NAICS Code 561910 - Packaging and Labeling Services Loan Approval Date 10/22/2001 Loan Approval Gross Amount $118,500 Loan Approval from the SBA Of the total $118,500 loan amount, the SBA guaranteed $100,725. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Pakmail Centers Of America franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Banco Popular and they will explain how you can get an SBA loan for your company. 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. How Much Venture Capital Is There?
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