Highland Bank Provides SBA Loan to Buy Sir Speedy Printing Center Franchise

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

An entrepreneur in Golden Valley, Minnesota needed money to invest in a Sir Speedy Printing Center franchise back in 2004. Highland Bank issued an SBA franchise loan. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

SIR SPEEDY
GOLDEN VALLEY, MN 55427

SBA Loan Lender

HIGHLAND BANK
13370 GROVE DR
MAPLE GROVE, MN 55369

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323119 - Commercial Printing

Loan Approval Date

4/23/2004

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

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 7 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Golden Valley MN, you ought to talk with a local Golden Valley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Golden Valley businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Highland Bank and they will explain how you can get an SBA loan for your company.

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.

Borrowing Money from Friends and Family

Where to Get an SBA Loan in Maple Grove, Minnesota

Minnesota SBA 7A Lenders