San Diego National Bank Provides SBA Loan to Buy Sir Speedy Printing Center Franchise

Need money to buy a Sir Speedy Printing Center franchise? San Diego National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in San Diego, California needed money to invest in a Sir Speedy Printing Center franchise back in 2000. San Diego National Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

BROOKS PRINTING AND COPYING SE
SAN DIEGO, CA 92101

SBA Loan Lender

SAN DIEGO NATIONAL BANK
1420 KETTNER BLVD
SAN DIEGO, CA 92101

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323114 - Quick Printing

Loan Approval Date

11/3/2000

Loan Approval Gross Amount

$160,000

Loan Approval from the SBA

Of the total $160,000 loan amount, the SBA guaranteed $120,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sir Speedy Printing Center franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into San Diego National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Sir Speedy, Inc.

Advice on Getting a Small Business Loan

SBA 7A Banks in San Diego, California

SBA California Banks