Loan to Buy Post Net Franchise Issued By Economic Devel Bank For Puerto R

Borrowing money to purchase a Post Net franchise? Economic Devel Bank For Puerto R has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Post Net franchise shouldn't be too tough. In 2001, Economic Devel Bank For Puerto R issued an SBA franchise loan to an entrepreneur in Bayamon, . Because Post Net was registered with the SBA's registry of franchises, this small business loan was issued on an expedited basis.

SBA Loan Borrower

POST NET
BAYAMON, PR 00988

SBA Loan Lender

ECONOMIC DEVEL BANK FOR PUERTO R
638 ALDEBARAN ST, RIO PIEDRAS
SAN JUAN, PR 00920

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5943 - Stationery Stores

NAICS Code

453210 - Office Supplies and Stationery

Loan Approval Date

11/27/2001

Loan Approval Gross Amount

$145,083

Loan Approval from the SBA

Of the total $145,083 loan amount, the SBA guaranteed $123,320.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Post Net franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

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:

PostNet Postal & Business Services

SBIR Funding