Borrow Money to Buy a Post Net Franchise

Borrowing money to purchase a Post Net franchise? Western Security Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Post Net franchise? If so, here's a 2001 SBA franchise loan that you should know about. Western Security Bank was the lender and the entrepreneur was based in Billings, Montana.

SBA Loan Borrower

POST NET POSTAL & BUSINESS SER
BILLINGS, MT 59102

SBA Loan Lender

WESTERN SECURITY BANK
2929 3RD AVE NORTH
BILLINGS, MT 59101

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.

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

4/2/2001

Loan Approval Gross Amount

$86,800

Loan Approval from the SBA

Of the total $86,800 loan amount, the SBA guaranteed $73,780.

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 2 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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 $86,800 loan. Remember, fight for what you want, and it will be yours!

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

How Much Venture Capital Is There?

Where to Get an SBA Loan in Billings, Montana

Montana SBA Bank Lenders