Borrow Money to Buy a Tiemanns Delivery Federal Express Gr Franchise

Borrowing money to buy a Tiemanns Delivery Federal Express Gr franchise? St. Johns Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Tiemanns Delivery Federal Express Gr franchise? If so, here's a 2004 SBA franchise loan that you should know about. St. Johns Bank & Trust was the lender and the entrepreneur was based in St. Louis, Missouri.

SBA Loan Borrower

TIEMANNS DELIVERY FED EX GROUN
ST. LOUIS, MO 63123

SBA Loan Lender

ST. JOHNS BANK & TRUST
8924 ST. CHARLES ROCK RD
SAINT LOUIS, MO 63114

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

492210 - Local Messengers and Local Delivery

Loan Approval Date

6/23/2004

Loan Approval Gross Amount

$47,500

Loan Approval from the SBA

Of the total $47,500 loan amount, the SBA guaranteed $40,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Tiemanns Delivery Federal Express Gr franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like St. Johns Bank & Trust 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.

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