Regions Bank Provides SBA Loan to Buy Minuteman Press Franchise
Need money to invest in a Minuteman Press franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Saint Louis, Missouri needed money to invest in a Minuteman Press franchise back in 2004. Regions Bank issued an SBA franchise loan. Here are the details on this Missouri small business loan.
SBA Loan Borrower
MINUTEMAN PRESS
SAINT LOUIS, MO 63141
SBA Loan Lender
REGIONS BANK
6200 POPLAR AVE
MEMPHIS, TN 38119
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
323114 - Quick Printing
Loan Approval Date
4/19/2004
Loan Approval Gross Amount
$131,600
Loan Approval from the SBA
Of the total $131,600 loan amount, the SBA guaranteed $111,860.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Minuteman Press franchise. At the time of the loan, the company
had 3 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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 Equity Dilution Works
Small Business Banks in Memphis, Tennessee
Tennessee SBA 7A Lenders