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April 28, 2024  
 
 
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I Need an SBA Loan to Buy a Franchise in Plainview, Texas

 

 
Loan Census SBA Loan Info

Loan to Buy Pakmail Centers Of America Franchise Issued By State National Bank

Borrowing money to invest in a Pakmail Centers Of America franchise? State National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Plainview, Texas needed money to invest in a Pakmail Centers Of America franchise back in 2005. State National Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

PAKMAIL PLAINVIEW
PLAINVIEW, TX 79072

SBA Loan Lender

STATE NATIONAL BANK
4500 MERCANTILE PLZA, STE 300
FORT WORTH, TX 76137

This was a Low Documentation SBA loan. The SBA launched this program to minimize 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. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

8/3/2005

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

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. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from State National Bank 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:

Pak Mail Centers of America, Inc.

Business Incubators

SBA 7A Lenders in Fort Worth, Texas

SBA Texas Banks