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April 25, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Lansing, Business Loans > Lasalle Bank Midwest Lansing Business Loans > Postal Connections Of America Loan | ||||
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Business Loans for Ada Entrepreneurs
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Michigan Entrepreneur Secures Financing to Buy Postal Connections Of America FranchiseNeed money to buy a Postal Connections Of America franchise? Lasalle Bank Midwest has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Ada, Michigan needed money to invest in a Postal Connections Of America franchise back in 2004. Lasalle Bank Midwest issued an SBA franchise loan. Here are the details on this Michigan small business loan. SBA Loan Borrower POSTAL CONNECTIONS OF AMERICA SBA Loan Lender LASALLE BANK MIDWEST This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 333993 - Packaging Machinery Manufacturing Loan Approval Date 7/9/2004 Loan Approval Gross Amount $22,600 Loan Approval from the SBA Of the total $22,600 loan amount, the SBA guaranteed $11,300. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Postal Connections Of America franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We can help you find the best banks for small businesses in Ada or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Approved Banks in Lansing, Michigan
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