Pacific Western Bank Provides SBA Loan to Buy Postal Connections Of America Franchise

Need money to invest in a Postal Connections Of America franchise? Pacific Western Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Postal Connections Of America franchise shouldn't be overly burdensome. In 2003, Pacific Western Bank issued an SBA franchise loan to an entrepreneur in Chula Vista, California. Because Postal Connections Of America was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

POSTAL CONNECTIONS
CHULA VISTA, CA 91913

SBA Loan Lender

PACIFIC WESTERN BANK
8002 LA MESA BLVD
LA MESA, CA 91941

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

491110 - Postal Service

Loan Approval Date

8/22/2003

Loan Approval Gross Amount

$90,900

Loan Approval from the SBA

Of the total $90,900 loan amount, the SBA guaranteed $77,265.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Postal Connections Of America franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Pacific Western Bank and they will explain how you can get an SBA loan for your company.

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:

Postal Connections of America

How to Raise Money

SBA Approved Banks in La Mesa, California

Browse All Business Loan Sources for California