Temecula Valley Bank Provides SBA Loan to Buy Mail Boxes Etc. Usa Franchise
Borrowing money to buy a Mail Boxes Etc. Usa franchise? Temecula Valley 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 2002 SBA franchise loan that you should know about. Temecula Valley Bank was the lender and the entrepreneur was based in Lanham, Maryland.
SBA Loan Borrower
RUEVEA,LLC DBA MAIL BOXES,ETC.
LANHAM, MD 20706
SBA Loan Lender
TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590
This lender issued this debt financing under the 7A SBA 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.
SIC Code
5999 - Retail Stores
NAICS Code
453998 - Store Retailers
Loan Approval Date
10/21/2002
Loan Approval Gross Amount
$127,000
Loan Approval from the SBA
Of the total $127,000 loan amount, the SBA guaranteed $95,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Mail Boxes Etc. Usa franchise. At the time of the loan, the company
had 2 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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