Palm Desert National Bank Provides SBA Loan to Buy Post Net Franchise

Need a loan to buy a Post Net franchise? Palm Desert National 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 2003 SBA franchise loan that you should know about. Palm Desert National Bank was the lender and the entrepreneur was based in Rancho Mirage, California.

SBA Loan Borrower

POSTNET
RANCHO MIRAGE, CA 92270

SBA Loan Lender

PALM DESERT NATIONAL BANK
73-745 EL PASEO
PALM DESERT, CA 92260

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

561431 - Private Mail Centers

Loan Approval Date

6/25/2003

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $17,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Post Net franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Palm Desert National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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

Accountant's Role in Securing Financing

Best Palm Desert, California Banks for Small Business

SBA Participating Banks in California