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November 21, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Los Angeles, Business Loans > Center Bank Los Angeles Business Loans > Ups Store Loan | ||||
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Center Bank SBA 7A Franchise Loans
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Annapolis, MD Entrepreneur Gets SBA Loan to Buy Mail Boxes Etc. Usa FranchiseNeed a loan to buy a Mail Boxes Etc. Usa franchise? Center Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Annapolis, Maryland needed money to invest in a Mail Boxes Etc. Usa franchise back in 2005. Center Bank issued an SBA franchise loan. Here are the details on this Maryland small business loan. SBA Loan Borrower UPS STORE SBA Loan Lender CENTER BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561431 - Private Mail Centers Loan Approval Date 12/15/2005 Loan Approval Gross Amount $168,000 Loan Approval from the SBA Of the total $168,000 loan amount, the SBA guaranteed $126,000. 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 2 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Determining Proper Capital Structure for a Business Best Banks for Small Business in Los Angeles, California
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