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

Requirements for Getting a Franchise Loan

 

 
Loan Census SBA Loan Info

Washington Entrepreneur Secures Financing to Buy Aim Mail Center Franchise

Need a loan to invest in an Aim Mail Center franchise? Bank Of America 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 2006 SBA franchise loan that you should know about. Bank Of America was the lender and the entrepreneur was based in Seattle, Washington.

SBA Loan Borrower

AIM MAIL CENTER #130
SEATTLE, WA 98133

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This bank 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

12/11/2006

Loan Approval Gross Amount

$21,000

Loan Approval from the SBA

Of the total $21,000 loan amount, the SBA guaranteed $10,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Aim Mail Center franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

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:

AIM Mail Centers

Understanding Dilution

SBA 7A Lenders in Charlotte, North Carolina

North Carolina SBA 7A Lenders