Bremerton, WA Entrepreneur Gets SBA Loan to Buy Pip Printing Franchise

Need a loan to invest in a Pip Printing franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Pip Printing franchise may simply require a phone call to a local SBA banker. In 2006, Cit Small Business Lending Corp issued an SBA franchise loan to an entrepreneur in Bremerton, Washington. Because Pip Printing was registered with the SBA's registry of franchises, this Washington small business loan was issued on an expedited basis.

SBA Loan Borrower

PIP PRINTING
BREMERTON, WA 98312

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323114 - Quick Printing

Loan Approval Date

3/14/2006

Loan Approval Gross Amount

$194,500

Loan Approval from the SBA

Of the total $194,500 loan amount, the SBA guaranteed $145,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pip Printing franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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 Cit Small Business Lending Corp 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:

PIP Printing & Document Services

Business Cash Advances

Best Banks in Livingston, New Jersey

Browse All Business Loan Sources for New Jersey