Carmel, IN Entrepreneur Gets SBA Loan to Buy Alphagrafics, Printshops Of The Futu Franchise

Borrowing money to purchase an Alphagrafics, Printshops Of The Futu franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Alphagrafics, Printshops Of The Futu franchise is doable. In 2006, National City Bank issued an SBA franchise loan to an entrepreneur in Carmel, Indiana. Because Alphagrafics, Printshops Of The Futu was registered with the SBA's registry of franchises, this Indiana small business loan was issued on an expedited basis.

SBA Loan Borrower

KILE ENTERPRISES, INC.
Carmel, IN 46032

SBA Loan Lender

NATIONAL CITY BANK
1900 E 9TH ST
CLEVELAND, OH 44114

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

11/30/2006

Loan Approval Gross Amount

$289,500

Loan Approval from the SBA

Of the total $289,500 loan amount, the SBA guaranteed $217,125.

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 generate 1 new job and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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.

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