Sovereign Bank Provides SBA Loan to Buy Mail Boxes Etc. Usa Franchise
Need money to purchase a Mail Boxes Etc. Usa franchise? Sovereign Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Mail Boxes Etc. Usa franchise requires some effort but others before you have been successful. In 2007, Sovereign Bank issued an SBA franchise loan to an entrepreneur in New York, New York. Because Mail Boxes Etc. Usa was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis.
SBA Loan Borrower
SERVICE PARCEL UNLIMITED INC.
NEW YORK, NY 10013
SBA Loan Lender
SOVEREIGN BANK
2 ALDWYN LN
VILLANOVA, PA 19085
This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
492110 - Couriers and Express Delivery Services
Loan Approval Date
11/13/2007
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
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 10 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 1 existing job.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Sovereign Bank and they will explain how you can get an SBA loan for your company.
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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