Business Loans for Private Mail Centers
With these business loans for private mail centers, the SBA guarantees the lender that the loan will be repaid. This private mail centers loan for $57,600 was given to a Texas entrepreneur in 2004.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sugar Land, Texas was able to borrow $57,600 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $28,800 of this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: PRIVATE MAIL CENTERS
SUGAR LAND, TX 77479
SBA Loan Lender
WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113
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
2/11/2004
Loan Approval Gross Amount
$57,600
Loan Approval from the SBA
Of the total $57,600 loan amount, the SBA guaranteed $28,800.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wells Fargo Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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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