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November 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Mount Vernon, Business Loans > First-Knox National Bank Mount Vernon Business Loans > Postnet Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Ohio Entrepreneur Secures Financing to Buy Postal Annex Plus FranchiseNeed money to buy a Postal Annex Plus franchise? First-Knox National Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Westerville, Ohio and are interested in buying a Postal Annex Plus franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by First-Knox National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower POSTNET SBA Loan Lender FIRST-KNOX NATIONAL BANK This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561431 - Private Mail Centers Loan Approval Date 5/4/2004 Loan Approval Gross Amount $127,500 Loan Approval from the SBA Of the total $127,500 loan amount, the SBA guaranteed $108,375. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Postal Annex Plus franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Approved Banks in Mount Vernon, Ohio
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