Manassas, VA Entrepreneur Gets SBA Loan to Buy Pakmail Centers Of America Franchise
Need a loan to buy a Pakmail Centers Of America franchise? Suntrust Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Manassas, Virginia needed money to invest in a Pakmail Centers Of America franchise back in 2001. Suntrust Bank issued an SBA franchise loan. Here are the details on this Virginia small business loan.
SBA Loan Borrower
PAK MAIL
MANASSAS, VA 20109
SBA Loan Lender
SUNTRUST BANK
25 PARK PLACE NE
ATLANTA, GA 30303
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7389 - Business Services
NAICS Code
561431 - Private Mail Centers
Loan Approval Date
8/17/2001
Loan Approval Gross Amount
$81,600
Loan Approval from the SBA
Of the total $81,600 loan amount, the SBA guaranteed $69,360.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Pakmail Centers Of America franchise. At the time of the loan, the company
had 2 employees. The SBA loan documents did not indicate that the small business promised to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Suntrust 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.
Related Links:
Pak Mail Centers of America, Inc.
The Friends and Family Network
SBA 7A Banks in Atlanta, Georgia
SBA Georgia Banks