Nexbank, Ssb Provides SBA Loan to Buy Minuteman Press Franchise

Need a loan to invest in a Minuteman Press franchise? Nexbank, Ssb has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Denton, Texas needed money to invest in a Minuteman Press franchise back in 2005. Nexbank, Ssb issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

MINUTEMAN PRESS OF DENTON
DENTON, TX 76205

SBA Loan Lender

NEXBANK, SSB
13455 NOEL RD, STE 2220
DALLAS, TX 75240

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323114 - Quick Printing

Loan Approval Date

3/4/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 did not indicate that the business promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Nexbank, Ssb and they will explain how you can get an SBA loan for your company.

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.

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