Borrow Money to Buy a Post Net Franchise

Need money to buy a Post Net franchise? Community First Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Post Net franchise? If so, here's a 2004 SBA franchise loan that you should know about. Community First Bank was the lender and the entrepreneur was based in Pasco, Washington.

SBA Loan Borrower

POSTNET POSTAL & BUSINESS SERV
PASCO, WA 99301

SBA Loan Lender

COMMUNITY FIRST BANK
6401 W CLEARWATER AVE
KENNEWICK, WA 99336

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

491110 - Postal Service

Loan Approval Date

9/15/2004

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $80,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Post Net franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Community First Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

PostNet Postal & Business Services

How to Raise Money

Small Business Banks in Kennewick, Washington

SBA Washington Lenders