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April 28, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Salt Lake City, Business Loans > Merrill Lynch Bank Usa Salt Lake City Business Loans > Business Solutions Inc Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Loan to Buy Mail Boxes Etc. Usa Franchise Issued By Merrill Lynch Bank UsaBorrowing money to purchase a Mail Boxes Etc. Usa franchise? Merrill Lynch Bank Usa has a history of making these loans and they are guaranteed by the SBA. Mail Boxes Etc. Usa franchise loans are available to Pikeville, Kentucky entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Merrill Lynch Bank Usa, based in Salt Lake City, Utah, issued an SBA franchise loan for a Mail Boxes Etc. Usa franchise in 2002. We've got all the details on this Kentucky small business loan. SBA Loan Borrower BUSINESS SOLUTIONS INC SBA Loan Lender MERRILL LYNCH BANK USA As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561431 - Private Mail Centers Loan Approval Date 3/15/2002 Loan Approval Gross Amount $126,100 Loan Approval from the SBA Of the total $126,100 loan amount, the SBA guaranteed $107,185. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mail Boxes Etc. Usa franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. While you may be able to borrow money from friends and family, 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: SBA Approved Banks in Salt Lake City, Utah
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