Borrow Money to Buy a Postal Instant Press Franchise

Borrowing money to invest in a Postal Instant Press franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Postal Instant Press franchise loans are available to Lyndhurst, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, National City Bank, based in Cleveland, Ohio, issued an SBA franchise loan for a Postal Instant Press franchise in 2001. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

PIP PRINTING
LYNDHURST, OH 44124

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

1/8/2001

Loan Approval Gross Amount

$205,000

Loan Approval from the SBA

Of the total $205,000 loan amount, the SBA guaranteed $153,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Postal Instant Press franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs.

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

If you need money to start business in Lyndhurst OH, you ought to talk with a local Lyndhurst SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lyndhurst businesses.

This SBA loan was for $205,000. How would you spend $205,000 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:

Bank Credit Lines

Where to Get an SBA Loan in Cleveland, Ohio

SBA Ohio Lenders