Worcester, MA Entrepreneur Gets SBA Loan to Buy Sir Speedy Printing Center Franchise

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

Sir Speedy Printing Center franchise loans are available to Worcester, Massachusetts entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Monson Savings Bank, based in Monson, Massachusetts, issued an SBA franchise loan for a Sir Speedy Printing Center franchise in 2001. We've got all the details on this Massachusetts small business loan.

SBA Loan Borrower

SIR SPEEDY
WORCESTER, MA 01608

SBA Loan Lender

MONSON SAVINGS BANK
146 MAIN ST
MONSON, MA 01057

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2759 - Commercial Printing

NAICS Code

323114 - Quick Printing

Loan Approval Date

1/17/2001

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Worcester MA, you ought to talk with a local Worcester SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Worcester businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Monson Savings Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

Business Line of Credit

Banks in Monson, Massachusetts

Massachusetts SBA 7A Banks