Marathon National Bank - New York Provides SBA Loan to Buy Val Pak Franchise

Borrowing money to invest in a Val Pak franchise? Marathon National Bank - New York has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Val Pak franchise shouldn't be overly burdensome. In 2003, Marathon National Bank - New York issued an SBA franchise loan to an entrepreneur in Winchester, Virginia. Because Val Pak was registered with the SBA's registry of franchises, this Virginia small business loan was issued on an expedited basis.

SBA Loan Borrower

CAIN MARKETING INC
WINCHESTER, VA 22602

SBA Loan Lender

MARATHON NATIONAL BANK - NEW YORK
28-22 STEINWAY ST
NEW YORK CITY, NY 11103

This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

541860 - Direct Mail Advertising

Loan Approval Date

2/26/2003

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $40,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Val Pak franchise. At the time of the loan, the company had 12 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 12 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $80,000 loan. Remember, you control your own destiny.

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:

Valpak Direct Marketing Systems, Inc.

Advice on Getting a Small Business Loan

SBA Approved Banks in New York City, New York

SBA Participating Banks in New York