Newburyport Five Cents Savings Provides SBA Loan to Buy Pack-N-Mail Franchise

Need a loan to buy a Pack-N-Mail franchise? Newburyport Five Cents Savings has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Pack-N-Mail franchise shouldn't be overly burdensome. In 2001, Newburyport Five Cents Savings issued an SBA franchise loan to an entrepreneur in Newburyport, Massachusetts. Because Pack-N-Mail was registered with the SBA's registry of franchises, this Massachusetts small business loan was issued on an expedited basis.

SBA Loan Borrower

PAK MAIL
NEWBURYPORT, MA 01950

SBA Loan Lender

NEWBURYPORT FIVE CENTS SAVINGS
63 STATE ST
NEWBURYPORT, MA 01950

This lender issued this particular SBA 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

7389 - Business Services

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

2/16/2001

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pack-N-Mail franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $110,000 loan. Remember, where there is a will, there is a way!

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:

Strategic Investors

Banks in Newburyport, Massachusetts

Getting an SBA Loan in Massachusetts