Loan to Buy Alphagrafics, Printshops Of The Futu Franchise Issued By Sovereign Bank

Need a loan to invest in an Alphagrafics, Printshops Of The Futu franchise? Sovereign Bank has a history of making these loans and they are guaranteed by the SBA.

Alphagrafics, Printshops Of The Futu franchise loans are available to Basking Ridge, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Sovereign Bank, based in New York City, New York, issued an SBA franchise loan for an Alphagrafics, Printshops Of The Futu franchise in 2005. We've got all the details on this New Jersey small business loan.

SBA Loan Borrower

ALPHA GRAPHICS
BASKING RIDGE, NJ 07920

SBA Loan Lender

SOVEREIGN BANK
195 MONTAGUE ST
NEW YORK CITY, NY 11201

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323114 - Quick Printing

Loan Approval Date

9/21/2005

Loan Approval Gross Amount

$310,000

Loan Approval from the SBA

Of the total $310,000 loan amount, the SBA guaranteed $232,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Alphagrafics, Printshops Of The Futu franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.

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

If you are working on finding money to start a business in Basking Ridge NJ, you ought to talk with a local Basking Ridge SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Basking Ridge businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Sovereign Bank and they will explain how you can get an SBA loan for your company.

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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