How to Get a Loan for Digital Printing
Looking for business loans for digital printing? The SBA may be the answer. This $598,500 digital printing loan was issued by a Missouri bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kansas City, Missouri was able to borrow $598,500 from Umb Bank. The SBA made the loan possible by guaranteeing $448,875 of this Missouri small business loan.
SBA Loan Borrower
COMPANY TYPE: COMMERCIAL PRINTING
KANSAS CITY, MO 64153
SBA Loan Lender
UMB BANK
1 VICTORY DR
LIBERTY, MO 64068
This 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.
SIC Code
2759 - Commercial Printing
NAICS Code
323115 - Digital Printing
Loan Approval Date
3/1/2007
Loan Approval Gross Amount
$598,500
Loan Approval from the SBA
Of the total $598,500 loan amount, the SBA guaranteed $448,875.
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 8 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $598,500 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
Obtaining Funding - How to Borrow Money
Best Banks for Small Business in Liberty, Missouri
SBA Lenders in Missouri