Florida Entrepreneur Secures Financing to Buy Minuteman Press Franchise

Borrowing money to buy a Minuteman Press franchise? Synovus Bank Of Tampa Bay has a history of making these loans and they are guaranteed by the SBA.

If you live near Clearwater, Florida and are interested in buying a Minuteman Press franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Synovus Bank Of Tampa Bay. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MINUTEMAN PRESS
CLEARWATER, FL 33762

SBA Loan Lender

SYNOVUS BANK OF TAMPA BAY
333 THIRD AVE NORTH
SAINT PETERSBURG, FL 33701

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

323110 - Commercial Lithographic Printing

Loan Approval Date

10/21/2003

Loan Approval Gross Amount

$116,000

Loan Approval from the SBA

Of the total $116,000 loan amount, the SBA guaranteed $98,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Minuteman Press franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Minuteman Press International, Inc.

Determining Proper Capital Structure for a Business

SBA Approved Banks in Saint Petersburg, Florida

Getting a Business Loan in Florida