Stockbridge, GA Entrepreneur Gets SBA Loan to Buy Mail & More Franchise
Need money to purchase a Mail & More franchise? First Charter Bank has a history of making these loans and they are guaranteed by the SBA.
Mail & More franchise loans are available to Stockbridge, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Charter Bank, based in Lawrenceville, Georgia, issued an SBA franchise loan for a Mail & More franchise in 2003. We've got all the details on this Georgia small business loan.
SBA Loan Borrower
MAIL & MORE
STOCKBRIDGE, GA 30281
SBA Loan Lender
FIRST CHARTER BANK
165 NASH ST
LAWRENCEVILLE, GA 30045
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561499 - Business Support Services
Loan Approval Date
2/3/2003
Loan Approval Gross Amount
$120,000
Loan Approval from the SBA
Of the total $120,000 loan amount, the SBA guaranteed $102,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Mail & More franchise. At the time of the loan, the company
had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First Charter Bank 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:
Direct Public Offerings
Small Business Banks in Lawrenceville, Georgia
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