Pittsburgh, PA Entrepreneur Gets SBA Loan to Buy Minuteman Press Franchise
Borrowing money to invest in a Minuteman Press franchise? First Commonwealth Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Minuteman Press franchise may simply require a phone call to a local SBA banker. In 2004, First Commonwealth 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
THE MINUTEMAN PRESS
PITTSBURGH, PA 15235
SBA Loan Lender
FIRST COMMONWEALTH BANK
RTE 220 & N JUNIATA ST
HOLLIDAYSBURG, PA 16648
This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
323119 - Commercial Printing
Loan Approval Date
6/29/2004
Loan Approval Gross Amount
$85,000
Loan Approval from the SBA
Of the total $85,000 loan amount, the SBA guaranteed $42,500.
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 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Commonwealth Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Commonwealth Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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.
Determining Proper Capital Structure for a Business
SBA Approved Banks in Hollidaysburg, Pennsylvania
Getting an SBA Loan in Pennsylvania