Summit Bank Corporation Provides SBA Loan to Buy Mail Boxes Etc. Usa Franchise

Need a loan to buy a Mail Boxes Etc. Usa franchise? Summit Bank Corporation has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Buford, Alabama needed money to invest in a Mail Boxes Etc. Usa franchise back in 2002. Summit Bank Corporation issued an SBA franchise loan. Here are the details on this Alabama small business loan.

SBA Loan Borrower

MAIL BOXES, ETC. #3176
BUFORD, AL 30518

SBA Loan Lender

SUMMIT BANK CORPORATION
4360 CHAMBLEE-DUNWOODY RD, ST
ATLANTA, GA 30341

This small business loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA delivers a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

5/2/2002

Loan Approval Gross Amount

$186,000

Loan Approval from the SBA

Of the total $186,000 loan amount, the SBA guaranteed $139,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

This SBA loan was for $186,000. How would you spend $186,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Mailboxes Etc.

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Small Business Banks in Atlanta, Georgia

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