First State Bank Of Porter Provides SBA Loan to Buy Minuteman Press Franchise

Need money to purchase a Minuteman Press franchise? First State Bank Of Porter has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Portage, Indiana needed money to invest in a Minuteman Press franchise back in 2004. First State Bank Of Porter issued an SBA franchise loan. Here are the details on this Indiana small business loan.

SBA Loan Borrower

MINUTEMAN PRESS OF PORTAGE
PORTAGE, IN 46368

SBA Loan Lender

FIRST STATE BANK OF PORTER
230 LINCOLN ST
PORTER, IN 46304

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

323114 - Quick Printing

Loan Approval Date

4/29/2004

Loan Approval Gross Amount

$108,000

Loan Approval from the SBA

Of the total $108,000 loan amount, the SBA guaranteed $91,800.

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 only one employee. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 First State Bank Of Porter 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.

Business Line of Credit

Best Banks in Porter, Indiana

Where to Get an SBA Loan Indiana