Bolingbrook, IL Entrepreneur Gets SBA Loan to Buy Mailboxes & Parcel Depot Franchise

Borrowing money to buy a Mailboxes & Parcel Depot franchise? Harris National Association has a history of making these loans and they are guaranteed by the SBA.

Mailboxes & Parcel Depot franchise loans are available to Bolingbrook, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Harris National Association, based in Oakbrook Terrace, Illinois, issued an SBA franchise loan for a Mailboxes & Parcel Depot franchise in 2002. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

MAILBOXES, ETC.
BOLINGBROOK, IL 60490

SBA Loan Lender

HARRIS NATIONAL ASSOCIATION
17 W 695 ROOSEVELT RD
OAKBROOK TERRACE, IL 60181

At the time this loan was granted, this bank was part of the SBA's Certified Lenders Program (CLP). This program aims to ensure fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

5/2/2002

Loan Approval Gross Amount

$180,000

Loan Approval from the SBA

Of the total $180,000 loan amount, the SBA guaranteed $135,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mailboxes & Parcel Depot franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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.

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