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May 6, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Forked River, Business Loans > Commerce Bank Forked River Business Loans > Sir Speedy Printing Loan | ||||
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Is It Possible to Borrow Money for a Franchise in Collingswood, New Jersey?
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Collingswood, NJ Entrepreneur Gets SBA Loan to Buy Sir Speedy Printing Center FranchiseNeed money to invest in a Sir Speedy Printing Center franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Collingswood, New Jersey needed money to invest in a Sir Speedy Printing Center franchise back in 2002. Commerce Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan. SBA Loan Borrower SIR SPEEDY PRINTING SBA Loan Lender COMMERCE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 323114 - Quick Printing Loan Approval Date 7/3/2002 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Sir Speedy Printing Center franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $25,000 loan. Remember, where there is a will, there is a way! 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: Banks in Forked River, New Jersey Getting an SBA Loan in New Jersey
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