Loan Census Banking News and Information
April 27, 2024  
 
 
  Business Loan Information  
 

Oro Valley, Arizona Bank Loan

 

 
Loan Census SBA Loan Info

Loan to Buy Aim Mail Center Franchise Issued By Capital One

Need a loan to invest in an Aim Mail Center franchise? Capital One has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Aim Mail Center franchise? If so, here's a 2005 SBA franchise loan that you should know about. Capital One was the lender and the entrepreneur was based in Oro Valley, Arizona.

SBA Loan Borrower

KRES ENTERPRISES, LLC DBA AIM
ORO VALLEY, AZ 85737

SBA Loan Lender

CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102

This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

2/4/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Aim Mail Center franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Capital One so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

AIM Mail Centers

SBIR Funding

SBA Approved Banks in Mclean, Virginia

Virginia SBA Bank Lenders