Small Business Loans for Commercial Printing

With these small business loans for commercial printing, the SBA guarantees the lender that the loan will be repaid. This commercial printing loan for $1,295,000 was given to a Texas entrepreneur in 2007.

Getting a small business loan in Euless, Texas was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Prosper Bank, operating out of Prosper, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL PRINTING
EULESS, TX 76040

SBA Loan Lender

PROSPER BANK
805 E 1ST ST
PROSPER, TX 75078

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323119 - Commercial Printing

Loan Approval Date

12/31/2007

Loan Approval Gross Amount

$1,295,000

Loan Approval from the SBA

Of the total $1,295,000 loan amount, the SBA guaranteed $971,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 30 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 20 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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:

SBIR Funding

SBA Participating Banks in Prosper, Texas

Texas SBA Bank Lenders