Texas Entrepreneur Secures Financing to Buy Pakmail Centers Of America Franchise

Borrowing money to buy a Pakmail Centers Of America franchise? American Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA.

If you live near Austin, Texas 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 2003 by American Bank Of Commerce. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PAK MAIL
11900 METRIC BLVD
AUSTIN, TX 78758

SBA Loan Lender

AMERICAN BANK OF COMMERCE
610 W 5TH ST
AUSTIN, TX 78701

This lender issued this particular loan for a small business 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

9/24/2003

Loan Approval Gross Amount

$76,500

Loan Approval from the SBA

Of the total $76,500 loan amount, the SBA guaranteed $65,025.

More Information on This SBA Loan

The borrower, Pak Mail, 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 2 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Pak Mail is able to get a $76,500 loan, why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Pak Mail Centers of America, Inc.

Equity Financing

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