Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Banks for Franchise Loans in California

 

 
Loan Census SBA Loan Info

Roseville, CA Entrepreneur Gets SBA Loan to Buy Aim Mail Center Franchise

Borrowing money to invest in an Aim Mail Center franchise? Community Banks - Northern Cal has a history of making these loans and they are guaranteed by the SBA.

If you live near Roseville, California and are interested in buying an Aim Mail Center franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Community Banks - Northern Cal. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

AIM MAIL CENTER #79
ROSEVILLE, CA 95661

SBA Loan Lender

COMMUNITY BANKS - NORTHERN CAL
2140 W GRANT LINE RD
TRACY, CA 95377

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

9/22/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Aim Mail Center franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Roseville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

AIM Mail Centers

Obtaining Funding - Friends and Family

Best Tracy, California Banks for Small Business

Getting a Business Loan in California