Knoxville, TN Entrepreneur Gets SBA Loan to Buy Money Mailer Franchise

Borrowing money to purchase a Money Mailer franchise? Jefferson Federal Bank has a history of making these loans and they are guaranteed by the SBA.

Money Mailer franchise loans are available to Knoxville, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Jefferson Federal Bank, based in Morristown, Tennessee, issued an SBA franchise loan for a Money Mailer franchise in 2007. We've got all the details on this Tennessee small business loan.

SBA Loan Borrower

CHRISTOPHER D WILSON & CAROLYN
KNOXVILLE, TN 37931

SBA Loan Lender

JEFFERSON FEDERAL BANK
120 EVANS AVE
MORRISTOWN, TN 37814

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

541860 - Direct Mail Advertising

Loan Approval Date

3/16/2007

Loan Approval Gross Amount

$55,800

Loan Approval from the SBA

Of the total $55,800 loan amount, the SBA guaranteed $27,900.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Money Mailer 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.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $55,800 loan. Remember, where there is a will, there is a way!

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:

Money Mailer, LLC

The Friends and Family Network

Who Lends Money to Small Businesses in Morristown, Tennessee

Getting a Business Loan in Tennessee