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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Seven Points, Business Loans > Franklin Bank S.S.B. Seven Points Business Loans > The Ups Store Loan | ||||
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Raising Money in Dallas, Texas With SBA Loans
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Dallas, TX Entrepreneur Gets SBA Loan to Buy Mail Boxes Etc. Usa FranchiseBorrowing money to buy a Mail Boxes Etc. Usa franchise? Franklin Bank S.S.B. has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Dallas, Texas needed money to invest in a Mail Boxes Etc. Usa franchise back in 2003. Franklin Bank S.S.B. issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower THE UPS STORE SBA Loan Lender FRANKLIN BANK S.S.B. 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 6/17/2003 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. 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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Franklin Bank S.S.B. that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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:
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