Loan to Buy Mail & More Franchise Issued By Fairwinds Cu
Borrowing money to buy a Mail & More franchise? Fairwinds Cu has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Orlando, Florida needed money to invest in a Mail & More franchise back in 2004. Fairwinds Cu issued an SBA franchise loan. Here are the details on this Florida small business loan.
SBA Loan Borrower
MAIL & MORE (SOHO SOLUTIONS OF
ORLANDO, FL 32828
SBA Loan Lender
FAIRWINDS CU
135 W CENTRAL BLVD, STE 1220
ORLANDO, FL 32801
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561910 - Packaging and Labeling Services
Loan Approval Date
12/30/2004
Loan Approval Gross Amount
$105,000
Loan Approval from the SBA
Of the total $105,000 loan amount, the SBA guaranteed $89,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Mail & More franchise. At the time of the loan, the company
had only one employee. The loan application did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
We've showcased information on this loan to let you know that businesses like yours 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.
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