Loan to Buy Minuteman Press Franchise Issued By Umpqua Bank

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

Minuteman Press franchise loans are available to Salem, Oregon entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Umpqua Bank, based in Eugene, Oregon, issued an SBA franchise loan for a Minuteman Press franchise in 2000. We've got all the details on this Oregon small business loan.

SBA Loan Borrower

LANCASTER MINUTEMAN PRESS
SALEM, OR 97301

SBA Loan Lender

UMPQUA BANK
675 OAK ST
EUGENE, OR 97401

The lender provided this commercial loan 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

453998 - Store Retailers

Loan Approval Date

10/26/2000

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $17,500.

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 2 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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 funding source

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Umpqua Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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

SBA 7A Banks in Eugene, Oregon

Getting a Business Loan in Oregon