Sherborn, MA Entrepreneur Gets SBA Loan to Buy Mail Boxes Etc. Usa Franchise
Need money to invest in a Mail Boxes Etc. Usa franchise? Ge Cap. Small Business Finan Corp has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Mail Boxes Etc. Usa franchise? If so, here's a 2001 SBA franchise loan that you should know about. Ge Cap. Small Business Finan Corp was the lender and the entrepreneur was based in Sherborn, Massachusetts.
SBA Loan Borrower
MAIL BOXES ETC
SHERBORN, MA 01776
SBA Loan Lender
GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561431 - Private Mail Centers
Loan Approval Date
2/28/2001
Loan Approval Gross Amount
$151,000
Loan Approval from the SBA
Of the total $151,000 loan amount, the SBA guaranteed $113,250.
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 indicated that the loan would help retain 3 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
While you may be able to find business people willing to loan money, 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.
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