Minnesota Entrepreneur Secures Financing to Buy Minuteman Press Franchise

Need a loan to buy a Minuteman Press franchise? Central Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Coon Rapids, Minnesota 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 Central Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MINUTEMAN PRESS
COON RAPIDS, MN 55433

SBA Loan Lender

CENTRAL BANK
2270 FRONTAGE RD
STILLWATER, MN 55082

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.

SIC Code

2759 - Commercial Printing

NAICS Code

323114 - Quick Printing

Loan Approval Date

1/2/2003

Loan Approval Gross Amount

$77,960

Loan Approval from the SBA

Of the total $77,960 loan amount, the SBA guaranteed $66,266.

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 did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Coon Rapids MN, you ought to talk with a local Coon Rapids SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Coon Rapids businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Central Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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:

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