First Cit. Bank - Billings Provides SBA Loan to Buy Mail Boxes Etc. Usa Franchise

Borrowing money to purchase a Mail Boxes Etc. Usa franchise? First Cit. Bank - Billings has a history of making these loans and they are guaranteed by the SBA.

Mail Boxes Etc. Usa franchise loans are available to Billings, Montana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Cit. Bank - Billings, based in Billings, Montana, issued an SBA franchise loan for a Mail Boxes Etc. Usa franchise in 2003. We've got all the details on this Montana small business loan.

SBA Loan Borrower

THE UPS STORE
BILLINGS, MT 54105

SBA Loan Lender

FIRST CIT. BANK - BILLINGS
2812 1ST AVE NORTH
BILLINGS, MT 59101

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

10/31/2003

Loan Approval Gross Amount

$51,000

Loan Approval from the SBA

Of the total $51,000 loan amount, the SBA guaranteed $43,350.

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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from First Cit. Bank - Billings so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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