Rutherford, NJ Entrepreneur Gets SBA Loan to Buy Mail Boxes Etc. Usa Franchise
Need money to invest in a Mail Boxes Etc. Usa franchise? Bnb Bank, National Association has a history of making these loans and they are guaranteed by the SBA.
Mail Boxes Etc. Usa franchise loans are available to Rutherford, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bnb Bank, National Association, based in Fort Lee, New Jersey, issued an SBA franchise loan for a Mail Boxes Etc. Usa franchise in 2005. We've got all the details on this New Jersey small business loan.
SBA Loan Borrower
STONY LOGISTICS INC
RUTHERFORD, NJ 07070
SBA Loan Lender
BNB BANK, NATIONAL ASSOCIATION
2024 CENTER AVE
FORT LEE, NJ 07024
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
561431 - Private Mail Centers
Loan Approval Date
9/15/2005
Loan Approval Gross Amount
$10,000
Loan Approval from the SBA
Of the total $10,000 loan amount, the SBA guaranteed $5,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Mail Boxes Etc. Usa franchise. At the time of the loan, the company
had 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Bnb Bank, National Association so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Mailboxes Etc.
Business Line of Credit
SBA 7A Banks for Fort Lee, New Jersey Loans
New Jersey SBA 7A Banks