Borrowing Money for Commercial Printing

With these loans for commercial printing, the SBA guarantees the lender that the loan will be repaid. This commercial printing loan for $150,000 was given to a Florida entrepreneur in 2001.

Quality Printing Group Corpora knew how to go about getting a business bank loan. Based in Miami, Florida, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Regions Bank, based in Memphis, Tennessee.

SBA Loan Borrower

QUALITY PRINTING GROUP CORPORA
2529 NW 74 AVE
MIAMI, FL 33122

SBA Loan Lender

REGIONS BANK
6200 POPLAR AVE
MEMPHIS, TN 38119

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

323119 - Other Commercial Printing

Loan Approval Date

5/10/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower, Quality Printing Group Corpora, borrowed this money for a new business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 32 employees. The SBA loan documents indicated that the loan would help retain 32 existing jobs. This loan was paid in full, and was closed out on 8/2/2004.

Getting an SBA Loan For Your Business

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.

If Quality Printing Group Corpora can get an SBA loan, there's no reason you can't get an SBA loan too. The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Advice on Getting a Small Business Loan

SBA 7A Lenders in Memphis, Tennessee

Tennessee SBA Bank Lenders

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