Loan to Buy Pakmail Centers Of America Franchise Issued By The Laredo National Bank

Need a loan to purchase a Pakmail Centers Of America franchise? The Laredo National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Pakmail Centers Of America franchise? If so, here's a 2000 SBA franchise loan that you should know about. The Laredo National Bank was the lender and the entrepreneur was based in Mcallen, Texas.

SBA Loan Borrower

PAK MAIL OF MCALLEN
MCALLEN, TX 78502

SBA Loan Lender

THE LAREDO NATIONAL BANK
700 SAN BERNARDO AVE
LAREDO, TX 78040

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8999 - Services

Loan Approval Date

7/20/2000

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $56,000.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help create 1 new job.

Getting an SBA Loan For Your Business

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

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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.

Obtaining Funding - How to Decide How Much to Raise

SBA Approved Banks in Laredo, Texas

SBA Texas Banks