Manufacturers & Traders Trust Provides SBA Loan to Buy Insty-Prints Franchise

Need a loan to invest in an Insty-Prints franchise? Manufacturers & Traders Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Alexandria, Virginia needed money to invest in an Insty-Prints franchise back in 2000. Manufacturers & Traders Trust issued an SBA franchise loan. Here are the details on this Virginia small business loan.

SBA Loan Borrower

INSTY PRINT
ALEXANDRIA, VA 22314

SBA Loan Lender

MANUFACTURERS & TRADERS TRUST
25 S CHARLES ST
BALTIMORE, MD 21201

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2759 - Commercial Printing

Loan Approval Date

9/25/2000

Loan Approval Gross Amount

$848,000

Loan Approval from the SBA

Of the total $848,000 loan amount, the SBA guaranteed $636,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Insty-Prints franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Manufacturers & Traders Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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