Mississippi Entrepreneur Secures Financing to Buy Post Net Franchise
Borrowing money to buy a Post Net franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Post Net franchise? If so, here's a 2000 SBA franchise loan that you should know about. Regions Bank was the lender and the entrepreneur was based in Gulfport, Mississippi.
SBA Loan Borrower
POST NET POSTAL AND BUSINESS S
GULFPORT, MS 39503
SBA Loan Lender
REGIONS BANK
250 RIVERCHASE PKWY E RCS-1 B
BIRMINGHAM, AL 35244
This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7389 - Business Services
Loan Approval Date
9/14/2000
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $40,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Post Net franchise. At the time of the loan, the company
had 5 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
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.
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