Suntrust Bank Provides 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.

Getting money to buy a Pakmail Centers Of America franchise shouldn't be too tough. In 2000, Suntrust Bank issued an SBA franchise loan to an entrepreneur in Maryville, 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/AM-PM MOVERS
MARYVILLE, TN 37737

SBA Loan Lender

SUNTRUST BANK
700 E HILL AVE
KNOXVILLE, TN 37915

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . 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. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

NAICS Code

484210 - Used Household and Office Goods Moving

Loan Approval Date

10/31/2000

Loan Approval Gross Amount

$134,000

Loan Approval from the SBA

Of the total $134,000 loan amount, the SBA guaranteed $100,500.

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 3 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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