Newnan, GA Entrepreneur Gets SBA Loan to Buy Pakmail Centers Of America Franchise

Need money to buy a Pakmail Centers Of America franchise? Synovus Bank Of Tampa Bay has a history of making these loans and they are guaranteed by the SBA.

If you live near Newnan, Georgia and are interested in buying a Pakmail Centers Of America franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Synovus Bank Of Tampa Bay. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PAK MAIL
NEWNAN, GA 30265

SBA Loan Lender

SYNOVUS BANK OF TAMPA BAY
12450 ROOSEVELT BLVD
SAINT PETERSBURG, FL 33761

This lender issued this debt financing under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

11/2/2007

Loan Approval Gross Amount

$160,000

Loan Approval from the SBA

Of the total $160,000 loan amount, the SBA guaranteed $120,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pakmail Centers Of America franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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.

How Equity Dilution Works

SBA 7A Banks in Saint Petersburg, Florida

Where to Get an SBA Loan Florida