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December 22, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Minuteman Press Of Nanuet Loan | ||||
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Good Banks for Nanuet Business Owners
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Loan to Buy Minuteman Press Franchise Issued By Valley National BankNeed money to purchase a Minuteman Press franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Nanuet, New York needed money to invest in a Minuteman Press franchise back in 2004. Valley National Bank issued an SBA franchise loan. Here are the details on this New York small business loan. SBA Loan Borrower MINUTEMAN PRESS OF NANUET SBA Loan Lender VALLEY NATIONAL BANK 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 323110 - Commercial Lithographic Printing Loan Approval Date 4/23/2004 Loan Approval Gross Amount $749,900 Loan Approval from the SBA Of the total $749,900 loan amount, the SBA guaranteed $562,425. 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 7 employees. This SBA loan request indicated that the loan would help retain 7 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Valley National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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. Obtaining Funding - How to Borrow Money Good Banks for Small Business in North Plainfield, New Jersey Getting a Business Loan in New Jersey
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