Borrow Money to Buy a Mail Boxes Etc. Usa Franchise
Borrowing money to purchase a Mail Boxes Etc. Usa franchise? Artisans' Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Dover, Delaware needed money to invest in a Mail Boxes Etc. Usa franchise back in 2003. Artisans' Bank issued an SBA franchise loan. Here are the details on this Delaware small business loan.
SBA Loan Borrower
THE UPS STORE
DOVER, DE 19907
SBA Loan Lender
ARTISANS' BANK
1555 S GOVERNOR'S AVE
DOVER, DE 19904
This lender issued this SBA bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
453998 - Store Retailers
Loan Approval Date
9/16/2003
Loan Approval Gross Amount
$185,000
Loan Approval from the SBA
Of the total $185,000 loan amount, the SBA guaranteed $138,750.
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 2 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
This SBA loan was for $185,000. How would you spend $185,000 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.
Obtaining Funding - How to Borrow Money
SBA 7A Lenders in Dover, Delaware
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