Montana Entrepreneur Secures Financing to Buy Insty-Prints Franchise
Borrowing money to purchase an Insty-Prints franchise? Western Security Bank has a history of making these loans and they are guaranteed by the SBA.
If you live near Billings, Montana and are interested in buying an Insty-Prints franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Western Security Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
PINNACLE IMAGES INC
BILLINGS, MT 59102
SBA Loan Lender
WESTERN SECURITY BANK
2929 3RD AVE NORTH
BILLINGS, MT 59101
This lender provides SBA business 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.
NAICS Code
323116 - Manifold Business Forms Printing
Loan Approval Date
9/10/2004
Loan Approval Gross Amount
$359,300
Loan Approval from the SBA
Of the total $359,300 loan amount, the SBA guaranteed $269,475.
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 8 employees. The loan application indicated that the loan would help retain 8 existing jobs.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $359,300 loan. Remember, anyone can do it... so why not 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:
Insty-Prints Printing Centers
Borrowing Money from Friends and Family
Small Bank Loans in Billings, Montana
Getting an SBA Loan in Montana