Woburn, MA Entrepreneur Gets SBA Loan to Buy Alphagrafics, Printshops Of The Futu Franchise

Borrowing money to purchase an Alphagrafics, Printshops Of The Futu franchise? Textron Business Credit, Inc. has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Alphagrafics, Printshops Of The Futu franchise? If so, here's a 2000 SBA franchise loan that you should know about. Textron Business Credit, Inc. was the lender and the entrepreneur was based in Woburn, Massachusetts.

SBA Loan Borrower

ALPHAGRAPHICS #220
WOBURN, MA 01801

SBA Loan Lender

TEXTRON BUSINESS CREDIT, INC.
40 WESTMINISTER ST
PROVIDENCE, RI 02903

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

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

5/3/2000

Loan Approval Gross Amount

$451,000

Loan Approval from the SBA

Of the total $451,000 loan amount, the SBA guaranteed $338,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Alphagrafics, Printshops Of The Futu franchise. At the time of the loan, the company had 16 employees. The loan application indicated that the loan would help retain 16 existing jobs.

Getting an SBA Loan For Your Business

If you need business start up money in Woburn MA, you ought to talk with a local Woburn SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Woburn businesses.

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 Textron Business Credit, Inc. 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.

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