Business Loans for Commercial Lithographic Printing

With these business loans for commercial lithographic printing, the SBA guarantees the lender that the loan will be repaid. This commercial lithographic printing loan for $305,500 was given to a North Carolina entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Durham, North Carolina was able to borrow $305,500 from Bank Of The West. The SBA made the loan possible by guaranteeing $229,125 of this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: LITHOGRAPHIC COMMERCIAL PRINTING
DURHAM, NC 27713

SBA Loan Lender

BANK OF THE WEST
180 MONTGOMERY ST
SAN FRANCISCO, CA 94104

This lender provides SBA 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.

SIC Code

2752 - Lithographic Commercial Printing

NAICS Code

323110 - Commercial Lithographic Printing

Loan Approval Date

8/11/2000

Loan Approval Gross Amount

$305,500

Loan Approval from the SBA

Of the total $305,500 loan amount, the SBA guaranteed $229,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 35 employees. The SBA loan application for the borrower indicated that the loan would help retain 35 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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.

Related Links:

VC Firms on Twitter

SBA Participating Banks in San Francisco, California

Getting an SBA Loan in California