Loan to Buy Post Net Franchise Issued By Newtek Small Business Finance Inc.
Borrowing money to invest in a Post Net franchise? Newtek Small Business Finance Inc. has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Tempe, Arizona needed money to invest in a Post Net franchise back in 2005. Newtek Small Business Finance Inc. issued an SBA franchise loan. Here are the details on this Arizona small business loan.
SBA Loan Borrower
POSTNET
TEMPE, AZ 85283
SBA Loan Lender
NEWTEK SMALL BUSINESS FINANCE INC.
1440 BROADWAY, 17TH FL.
NEW YORK, NY 10018
This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561439 - Business Service Centers
Loan Approval Date
4/28/2005
Loan Approval Gross Amount
$115,000
Loan Approval from the SBA
Of the total $115,000 loan amount, the SBA guaranteed $97,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Post Net franchise. At the time of the loan, the company
had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
This SBA loan was for $115,000. How would you spend $115,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
PostNet Postal & Business Services
Attracting Investors
SBA Approved Banks in New York, New York
Getting an SBA Loan in New York