Borrow Money to Buy a Pakmail Centers Of America Franchise

Borrowing money to buy a Pakmail Centers Of America franchise? Suntrust Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Pakmail Centers Of America franchise requires some effort but others before you have been successful. In 2000, Suntrust Bank issued an SBA franchise loan to an entrepreneur in Knoxville, Tennessee. Because Pakmail Centers Of America was registered with the SBA's registry of franchises, this Tennessee small business loan was issued on an expedited basis.

SBA Loan Borrower

PAK MAIL
KNOXVILLE, TN 37919

SBA Loan Lender

SUNTRUST BANK
700 E HILL AVE
KNOXVILLE, TN 37915

At the time this loan was granted, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program aims to offer quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

Loan Approval Date

5/15/2000

Loan Approval Gross Amount

$72,000

Loan Approval from the SBA

Of the total $72,000 loan amount, the SBA guaranteed $57,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pakmail Centers Of America franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 $72,000 loan. Remember, you control your own destiny.

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:

Pak Mail Centers of America, Inc.

SBIR Funding

SBA Approved Banks in Knoxville, Tennessee

Tennessee SBA 7A Lenders