Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Good Banks for Crystal Lake Small Business Owners

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Minuteman Press Franchise

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

Getting money to buy a Minuteman Press franchise may simply require a phone call to a local SBA banker. In 2003, Home St. Bank/natl Association issued an SBA franchise loan to an entrepreneur in Crystal Lake, Illinois. Because Minuteman Press was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.

SBA Loan Borrower

MINUTEMAN PRESS
CRYSTAL LAKE, IL 60014

SBA Loan Lender

HOME ST. BANK/NATL ASSOCIATION
40 GRANT ST
CRYSTAL LAKE, IL 60014

This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

511199 - Publishers

Loan Approval Date

4/15/2003

Loan Approval Gross Amount

$73,500

Loan Approval from the SBA

Of the total $73,500 loan amount, the SBA guaranteed $36,750.

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 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Minuteman Press International, Inc.

Obtaining Funding - How to Decide How Much to Raise

Best Crystal Lake, Illinois Banks for Small Business

SBA Illinois Banks