Borrow Money to Buy a Minuteman Press Franchise

Borrowing money to buy a Minuteman Press franchise? Sovereign Bank has a history of making these loans and they are guaranteed by the SBA.

Minuteman Press franchise loans are available to Hatboro, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Sovereign Bank, based in Wyomissing, Pennsylvania, issued an SBA franchise loan for a Minuteman Press franchise in 2002. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

MINUTE MAN PRESS-HATBORO
HATBORO, PA 19040

SBA Loan Lender

SOVEREIGN BANK
1130 BERKSHIRE BLVD
WYOMISSING, PA 19610

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561439 - Business Service Centers

Loan Approval Date

10/9/2002

Loan Approval Gross Amount

$203,800

Loan Approval from the SBA

Of the total $203,800 loan amount, the SBA guaranteed $152,850.

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 only one employee. This SBA loan request indicated that the loan would help create 3 new jobs.

Next Steps for Getting an SBA Loan

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 Sovereign 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:

Minuteman Press International, Inc.

Debt Financing

Banks in Wyomissing, Pennsylvania

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