Texas Entrepreneur Secures Financing to Buy Mail Boxes Etc. Usa Franchise
Borrowing money to buy a Mail Boxes Etc. Usa franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Mail Boxes Etc. Usa franchise? If so, here's a 2000 SBA franchise loan that you should know about. Washington Mutual Bank was the lender and the entrepreneur was based in Houston, Texas.
SBA Loan Borrower
MAIL BOXES ETC - RICE VILLAGE
HOUSTON, TX 77005
SBA Loan Lender
WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7331 - Direct Mail Advertising Services
NAICS Code
541860 - Direct Mail Advertising
Loan Approval Date
8/10/2000
Loan Approval Gross Amount
$364,700
Loan Approval from the SBA
Of the total $364,700 loan amount, the SBA guaranteed $273,525.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Mail Boxes Etc. Usa franchise. At the time of the loan, the company
had 16 employees. The SBA loan application for the borrower indicated that the loan would help retain 16 existing jobs.
Start the Process for Getting an SBA Loan Today!
Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Washington Mutual Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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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