Minneapolis, MN Entrepreneur Gets SBA Loan to Buy Minuteman Press Franchise

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

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

SBA Loan Borrower

MINUTEMAN PRESS PLYMOUTH
MINNEAPOLIS, MN 55427

SBA Loan Lender

ASSOCIATED BANK
740 MARQUETTE AVE
MINNEAPOLIS, MN 55402

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323110 - Commercial Lithographic Printing

Loan Approval Date

7/31/2002

Loan Approval Gross Amount

$235,500

Loan Approval from the SBA

Of the total $235,500 loan amount, the SBA guaranteed $176,625.

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 34 employees. The SBA loan application for the borrower indicated that the loan would help retain 34 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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.

Business Credit Evaluation

Good Banks for Small Business in Minneapolis, Minnesota

SBA Participating Banks in Minnesota