Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Sappington, Missouri Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Loan to Buy Minuteman Press Franchise Issued By Montgomery Bank

Need a loan to invest in a Minuteman Press franchise? Montgomery 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, Montgomery Bank issued an SBA franchise loan to an entrepreneur in Sappington, Missouri. Because Minuteman Press was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.

SBA Loan Borrower

MINUTEMAN PRESS
SAPPINGTON, MO 63123

SBA Loan Lender

MONTGOMERY BANK
1 MONTGOMERY BANK PLZ
SIKESTON, MO 63801

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

323110 - Commercial Lithographic Printing

Loan Approval Date

4/29/2004

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

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 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.

Getting an SBA Loan For Your Business

Remember, 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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Montgomery Bank and they will explain how you can get an SBA loan for your company.

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

Who Lends Money to Small Businesses in Sikeston, Missouri

SBA Lenders in Missouri