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April 27, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > West Palm Beach, Business Loans > National City Bank West Palm Beach Business Loans > Pakmail Loan | ||||
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Where Can I Find Franchise Loans in Palm Beach Garden, Florida?
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Florida Entrepreneur Secures Financing to Buy Pakmail Centers Of America FranchiseBorrowing money to purchase a Pakmail Centers Of America franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Palm Beach Garden, Florida and are interested in buying a Pakmail Centers Of America franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by National City Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower PAKMAIL SBA Loan Lender NATIONAL CITY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. 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 9/17/2002 Loan Approval Gross Amount $110,600 Loan Approval from the SBA Of the total $110,600 loan amount, the SBA guaranteed $94,010. 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 3 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like National City 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: Pak Mail Centers of America, Inc. Role of Business Plan When Raising Money SBA Banks in West Palm Beach, Florida
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