Borrow Money to Buy a Postal Annex Plus Franchise

Need a loan to invest in a Postal Annex Plus franchise? Los Angeles National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Postal Annex Plus franchise shouldn't be overly burdensome. In 2000, Los Angeles National Bank issued an SBA franchise loan to an entrepreneur in Los Angeles, California. Because Postal Annex Plus was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

POSTAL ANNEX+ #365
LOS ANGELES, CA 90503

SBA Loan Lender

LOS ANGELES NATIONAL BANK
7025 ORANGETHORPE AVE
BUENA PARK, CA 90621

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

Loan Approval Date

5/3/2000

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $72,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Postal Annex Plus franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

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:

A Company That Helps Entrepreneurs

SBA Participating Banks in Buena Park, California

California SBA 7A Banks