Loan to Buy Minuteman Press Franchise Issued By Valley National Bank

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

An entrepreneur in Nanuet, New York needed money to invest in a Minuteman Press franchise back in 2004. Valley National Bank issued an SBA franchise loan. Here are the details on this New York small business loan.

SBA Loan Borrower

MINUTEMAN PRESS OF NANUET
NANUET, NY 10954

SBA Loan Lender

VALLEY NATIONAL BANK
1334 RTE 22 EAST
NORTH PLAINFIELD, NJ 07060

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323110 - Commercial Lithographic Printing

Loan Approval Date

4/23/2004

Loan Approval Gross Amount

$749,900

Loan Approval from the SBA

Of the total $749,900 loan amount, the SBA guaranteed $562,425.

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 7 employees. This SBA loan request indicated that the loan would help retain 7 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Valley National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

Obtaining Funding - How to Borrow Money

Good Banks for Small Business in North Plainfield, New Jersey

Getting a Business Loan in New Jersey