Borrow Money to Buy an Instant Imprints Franchise
Need money to purchase an Instant Imprints franchise? Washington Trust Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy an Instant Imprints franchise? If so, here's a 2005 SBA franchise loan that you should know about. Washington Trust Bank was the lender and the entrepreneur was based in Nampa, Idaho.
SBA Loan Borrower
INSTANT IMPRINTS OF TREASURE V
NAMPA, ID 83651
SBA Loan Lender
WASHINGTON TRUST BANK
717 W SPRAGUE AVE
SPOKANE, WA 99201
This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.
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 $145,000 loan amount, the SBA guaranteed $123,250.
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 3 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
Don't apply for a loan directly with the SBA. You need to 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.
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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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SBA Approved Banks in Spokane, Washington
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