Houston, TX Entrepreneur Gets SBA Loan to Buy Minuteman Press Franchise

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

Minuteman Press franchise loans are available to Houston, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Trustmark National Bank, based in Houston, Texas, issued an SBA franchise loan for a Minuteman Press franchise in 2005. We've got all the details on this Texas small business loan.

SBA Loan Borrower

MINUTEMAN PRESS TOWN & COUNTRY
HOUSTON, TX 77043

SBA Loan Lender

TRUSTMARK NATIONAL BANK
14604 NW FRWY
HOUSTON, TX 77040

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

323110 - Commercial Lithographic Printing

Loan Approval Date

3/1/2005

Loan Approval Gross Amount

$926,000

Loan Approval from the SBA

Of the total $926,000 loan amount, the SBA guaranteed $694,500.

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 14 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

This SBA loan was for $926,000. How would you spend $926,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

Equity Financing

SBA Approved Banks in Houston, Texas

SBA Lenders in Texas