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May 5, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Minneapolis, Business Loans > Associated Bank Minneapolis Business Loans > Mail Boxes Etc Loan | ||||
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Plymouth, Minnesota Bank for SBA Loans
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Minnesota Entrepreneur Secures Financing to Buy Mailboxes & Parcel Depot FranchiseNeed money to purchase a Mailboxes & Parcel Depot franchise? Associated Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Mailboxes & Parcel Depot franchise may simply require a phone call to a local SBA banker. In 2000, Associated Bank issued an SBA franchise loan to an entrepreneur in Plymouth, Minnesota. Because Mailboxes & Parcel Depot was registered with the SBA's registry of franchises, this Minnesota small business loan was issued on an expedited basis. SBA Loan Borrower MAIL BOXES ETC SBA Loan Lender ASSOCIATED BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5112 - Stationery and Office Supplies Loan Approval Date 2/7/2000 Loan Approval Gross Amount $51,000 Loan Approval from the SBA Of the total $51,000 loan amount, the SBA guaranteed $40,800. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Mailboxes & Parcel Depot franchise. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs. 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. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Obtaining Funding - Getting Venture Capital SBA 7A Lenders in Minneapolis, Minnesota Getting an SBA Loan in Minnesota
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