Alabama Entrepreneur Secures Financing to Buy Mail Boxes Etc. Usa Franchise
Need a loan to purchase a Mail Boxes Etc. Usa franchise? Renasant Bank has a history of making these loans and they are guaranteed by the SBA.
If you live near Madison, Alabama and are interested in buying a Mail Boxes Etc. Usa franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Renasant Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
THE UPS STORE
MADISON, AL 35203
SBA Loan Lender
301 N 20TH ST
BIRMINGHAM, AL 35203
This loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.
SBA Loan Program Type
This loan was issued as a general business loan.
7389 - Business Services
561431 - Private Mail Centers
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $209,000 loan amount, the SBA guaranteed $156,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Mail Boxes Etc. Usa franchise. At the time of the loan, the company
had 3 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
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 $209,000 loan. Remember, if it to be, it is up to me!
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.
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