St Charles, MO Entrepreneur Gets SBA Loan to Buy Island Ink-Jet Systems Franchise

Borrowing money to buy an Island Ink-Jet Systems franchise? Umb Bank has a history of making these loans and they are guaranteed by the SBA.

Island Ink-Jet Systems franchise loans are available to St Charles, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Umb Bank, based in Kansas City, Missouri, issued an SBA franchise loan for an Island Ink-Jet Systems franchise in 2004. We've got all the details on this Missouri small business loan.

SBA Loan Borrower

ISLAND INK-JET SERVICES ONE
ST CHARLES, MO 63304

SBA Loan Lender

UMB BANK
1010 GRAND BLVD
KANSAS CITY, MO 64106

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811212 - Computer and Office Machine Repair and Maintenance

Loan Approval Date

3/31/2004

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Island Ink-Jet Systems franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Although it's called an SBA loan, 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.

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:

Island Ink-Jet (R) Systems

Bank Credit Lines

Who Lends Money to Small Businesses in Kansas City, Missouri

Find an SBA Lender in Missouri