Pittsburgh, PA Entrepreneur Gets SBA Loan to Buy Minuteman Press Franchise

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

Getting money to buy a Minuteman Press franchise requires some effort but others before you have been successful. In 2002, National City Bank issued an SBA franchise loan to an entrepreneur in Pittsburgh, Pennsylvania. Because Minuteman Press was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

MINUTEMAN PRESS
PITTSBURGH, PA 15222

SBA Loan Lender

NATIONAL CITY BANK
801 STATE ST
ERIE, PA 16501

The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

541430 - Graphic Design Services

Loan Approval Date

11/6/2002

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

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 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $25,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

How to Raise Money

Who Lends Money to Small Businesses in Erie, Pennsylvania

Getting an SBA Loan in Pennsylvania