Borrow Money to Buy a Mr. Payroll Corporation Franchise

Need a loan to purchase a Mr. Payroll Corporation franchise? Pacific Cap. Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mr. Payroll Corporation franchise requires some effort but others before you have been successful. In 2004, Pacific Cap. Bank issued an SBA franchise loan to an entrepreneur in Flagstaff, Arizona. Because Mr. Payroll Corporation was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis.

SBA Loan Borrower

MR PAYROLL #112
FLAGSTAFF, AZ 86001

SBA Loan Lender

PACIFIC CAP. BANK
1021 ANACAPA ST
SANTA BARBARA, CA 93101

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812990 - Personal Services

Loan Approval Date

8/12/2004

Loan Approval Gross Amount

$469,000

Loan Approval from the SBA

Of the total $469,000 loan amount, the SBA guaranteed $351,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mr. Payroll Corporation franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $469,000 loan. Remember, anyone can do it... so why not you?

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:

Mr. Payroll

Business Line of Credit

SBA 7A Lenders in Santa Barbara, California

Getting an SBA Loan in California