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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Winter Garden, Business Loans > Bankfirst Winter Garden Business Loans > Minuteman Press Of Orlando Inc Loan | ||||
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How to Get SBA Loans in Orlando, Florida
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Borrow Money to Buy a Minuteman Press FranchiseNeed money to buy a Minuteman Press franchise? Bankfirst has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Orlando, Florida needed money to invest in a Minuteman Press franchise back in 2002. Bankfirst issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower MINUTEMAN PRESS OF ORLANDO INC SBA Loan Lender BANKFIRST This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 443112 - Radio, Television, and Electronics Stores Loan Approval Date 8/22/2002 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. 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 12 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bankfirst 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. Find an SBA Lender in Winter Garden, Florida
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