Loan to Buy Instant Imprints Franchise Issued By Community W. Bank
Need money to purchase an Instant Imprints franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA.
Instant Imprints franchise loans are available to Columbia, South Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community W. Bank, based in Goleta, California, issued an SBA franchise loan for an Instant Imprints franchise in 2007. We've got all the details on this South Carolina small business loan.
SBA Loan Borrower
INSTANT IMPRINTS OF COLUMBIA
COLUMBIA, SC 29212
SBA Loan Lender
COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117
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.
323113 - Commercial Screen Printing
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $195,000 loan amount, the SBA guaranteed $146,250.
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 only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
Every year, the SBA guarantees over $10 billion for loans just like this one.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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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