Borrow Money to Buy a Mailbox It Franchise
Need a loan to buy a Mailbox It franchise? Bancorpsouth Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Mailbox It franchise? If so, here's a 2003 SBA franchise loan that you should know about. Bancorpsouth Bank was the lender and the entrepreneur was based in Forsyth, Missouri.
SBA Loan Borrower
MAIL BOX IT
FORSYTH, MO 65653
SBA Loan Lender
BANCORPSOUTH BANK
3939 S FREMONT
SPRINGFIELD, MO 65804
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.
SIC Code
7389 - Business Services
NAICS Code
561431 - Private Mail Centers
Loan Approval Date
12/31/2003
Loan Approval Gross Amount
$56,000
Loan Approval from the SBA
Of the total $56,000 loan amount, the SBA guaranteed $47,600.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Mailbox It franchise. At the time of the loan, the company
had only one employee. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $56,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
Mailbox IT
Business Credit Evaluation
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SBA Lenders in Missouri