Loan to Buy Goin' Postal Franchise Issued By Firstmerit Bank

Borrowing money to invest in a Goin' Postal franchise? Firstmerit Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Grafton, Ohio and are interested in buying a Goin' Postal franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Firstmerit Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

DON & LIN'S ENTERPRISES, INC.
GRAFTON, OH 44044

SBA Loan Lender

FIRSTMERIT BANK
3 CASCADE PLZ
AKRON, OH 44308

This lender issued this commercial loan under the SBA 7A lending program , 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

491110 - Postal Service

Loan Approval Date

7/20/2007

Loan Approval Gross Amount

$49,700

Loan Approval from the SBA

Of the total $49,700 loan amount, the SBA guaranteed $42,245.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Goin' Postal franchise. At the time of the loan, the company had no employees. This SBA loan request indicated that the loan would help generate 4 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Goin' Postal

Obtaining Funding - How to Borrow Money

SBA Approved Banks in Akron, Ohio

Getting a Business Loan in Ohio