Missouri Entrepreneur Secures Financing to Buy Instant Imprints Franchise
Need a loan to invest in an Instant Imprints franchise? Farmers & Merchants Bank - St. C has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy an Instant Imprints franchise shouldn't be overly burdensome. In 2005, Farmers & Merchants Bank - St. C issued an SBA franchise loan to an entrepreneur in Arnold, Missouri. Because Instant Imprints was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.
SBA Loan Borrower
ARNOLD, MO 63010
SBA Loan Lender
FARMERS & MERCHANTS BANK - ST. C
530 S MAIN ST
SAINT CLAIR, MO 63077
This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.
SBA Loan Program Type
This loan was issued as a general business loan.
533110 - Lessors of Nonfinancial Intangible Assets
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy an Instant Imprints franchise. At the time of the loan, the company
had 3 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Farmers & Merchants Bank - St. C that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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.
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