Loan to Buy Franklin's Printing & Office Franchise Issued By Newbridge Bank

Borrowing money to purchase a Franklin's Printing & Office franchise? Newbridge Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Franklin's Printing & Office franchise? If so, here's a 2001 SBA franchise loan that you should know about. Newbridge Bank was the lender and the entrepreneur was based in Greensboro, North Carolina.

SBA Loan Borrower

FRANKLIN'S PRINTING & OFFICE S
GREENSBORO, NC 27407

SBA Loan Lender

NEWBRIDGE BANK
3202 RANDLEMAN RD
GREENSBORO, NC 27406

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program involves 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.

SIC Code

2759 - Commercial Printing

NAICS Code

323114 - Quick Printing

Loan Approval Date

9/10/2001

Loan Approval Gross Amount

$146,000

Loan Approval from the SBA

Of the total $146,000 loan amount, the SBA guaranteed $124,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Franklin's Printing & Office franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Newbridge Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Find Start-Up Capital

Find an SBA Lender in Greensboro, North Carolina

Getting a Business Loan in North Carolina