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| Entrepreneur Resources | American Bank Of Commerce Austin Business Loans | ||||
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Good Sources for Cedar Park SBA Loans
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Texas Entrepreneur Secures Financing to Buy Post Net FranchiseNeed money to purchase a Post Net franchise? American Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Post Net franchise? If so, here's a 2002 SBA franchise loan that you should know about. American Bank Of Commerce was the lender and the entrepreneur was based in Cedar Park, Texas. SBA Loan Borrower POSTNET SBA Loan Lender AMERICAN BANK OF COMMERCE This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 491110 - Postal Service Loan Approval Date 12/2/2002 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $110,500. More Information on This SBA Loan The borrower, Postnet, borrowed this money for an existing business. This loan was used to buy a Post Net franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. This loan was paid in full, and was closed out on 12/26/2007. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Postnet needed a loan. American Bank Of Commerce probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, American Bank Of Commerce made the loan. The end result was that Postnet was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: PostNet Postal & Business Services Good Banks for Small Business in Austin, Texas If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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