Delaware Entrepreneur Secures Financing to Buy Money Mailer Franchise

Need money to purchase a Money Mailer franchise? Wilmington Savings Fund Societ has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Newark, Delaware needed money to invest in a Money Mailer franchise back in 2001. Wilmington Savings Fund Societ issued an SBA franchise loan. Here are the details on this Delaware small business loan.

SBA Loan Borrower

MONEY MAILER OF DELAWARE
NEWARK, DE 19711

SBA Loan Lender

WILMINGTON SAVINGS FUND SOCIET
500 DELAWARE AVE
WILMINGTON, DE 19801

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7331 - Direct Mail Advertising Services

NAICS Code

511140 - Database and Directory Publishers

Loan Approval Date

9/18/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Money Mailer franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels 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.

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.

Related Links:

Money Mailer, LLC

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Where to Get an SBA Loan in Wilmington, Delaware

Where to Get an SBA Loan Delaware