Loan Census Banking News and Information
December 21, 2024  
 
 
  Business Loan Information  
 

Where to Get a Small Business Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Pakmail Centers Of America Franchise

Need a loan to buy a Pakmail Centers Of America franchise? Provident Bank Of Maryland has a history of making these loans and they are guaranteed by the SBA.

If you live near Woodbridge, Virginia and are interested in buying a Pakmail Centers Of America franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Provident Bank Of Maryland. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PAKMAIL CENTERS OF AMERICA #50
WOODBRIDGE, VA 22192

SBA Loan Lender

PROVIDENT BANK OF MARYLAND
37 E MAIN ST
WARRENTON, VA 20186

This lender provides SBA guaranteed bank loans 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.

SIC Code

7334 - Photocopying and Duplicating Services

Loan Approval Date

7/27/2000

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $32,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pakmail Centers Of America 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 1 new job and retain 1 existing job.

Next Steps for Getting an SBA Loan

If you need business start up money in Woodbridge VA, you ought to talk with a local Woodbridge SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Woodbridge businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Provident Bank Of Maryland are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Pak Mail Centers of America, Inc.

Direct Public Offerings

Good Banks for Small Business in Warrenton, Virginia

SBA Lenders in Virginia