SBA Loans for Printing Companies
Businesses in the printing industry provide printing services for a wide variety of clients. These services include lithographic, gravure, screen, flexographic, letterpress, and digital printing processes. There are over 20,300 printing companies across the United States. IBIS World notes these businesses generate approximately $87.7 billion in revenue. As such, starting, buying, or expanding a printing company can be lucrative. However, this often comes with significant expenses that may exceed your budget. For this reason, the Small Business Administration offers a variety of financing options to help printing companies succeed. With SBA loans for printing companies, you can focus on building a strong business without financial stress.
If you are looking to secure an SBA loan for a printing company, it is vital to work with an experienced and quality SBA lender. Peak Business Valuation is happy to help! As a business appraiser, Peak works with over 80 SBA lenders throughout the nation. By working with us, you can get connected with a quality SBA lender that works with printing companies. In addition, Peak Business Valuation can provide you with an SBA business valuation or SBA equipment appraisal as part of the application process. Schedule your free consultation below to get started!
Benefits of SBA Loans for Printing Companies
SBA loans for printing companies come with a wide range of benefits whether you are starting, buying, or growing a printing company. For example, SBA loans for printing companies are backed by the Small Business Administration. This means that the SBA will help repay the loan cost if the borrower needs assistance. As such, SBA lenders are more willing to approve loans to qualifying applicants. Additionally, SBA loans feature long repayment terms and low down payments, making it affordable to operate a printing company. To learn more about SBA loans for printing companies, see SBA Business Valuations.
Buying a Printing Company with an SBA Loan
Buying a printing company is a great way to quickly establish a strong presence in the market. However, buying a business is often expensive and may come with additional expenses. This can include closing costs, equipment purchases or upgrades, supply purchases, etc… Operators can finance these expenses by securing an SBA loan for a printing company. These loans generally have low down payments, long repayment periods, and low-interest rates. As such, SBA loans can make purchasing a printing company feasible. Buying a printing company with an SBA loan also promotes financial flexibility as you grow your company.
SBA 7(a) Loans for Printing Companies
The SBA 7(a) loan is one of the most common SBA loan programs available. This loan allows applicants to borrow up to $5 million in financing. These finances can be used to fund a wide variety of printing company needs. This often includes purchasing a printing company, refinancing debt, buying out a partner, etc… As such, this is an ideal SBA loan if you need help funding various aspects of your printing company. In addition, the SBA 7(a) loan features a repayment term of up to 10 years. To learn more about securing an SBA loan for a printing company, check out How to Obtain an SBA Loan.
Expanding Printing Companies with an SBA 504 Loan
If you are expanding a printing company, the SBA 504 loan may be a useful financing option. With the SBA 504 loan, borrowers can access funds that are typically hard to obtain. For instance, expanding a printing company may involve purchasing commercial real estate. Printing companies can use the SBA 504 loan to finance this purchase. This loan can also help purchase large or long-term printing equipment or machinery.
Peak Business Valuation, business appraiser, values printing companies regularly. In addition, Peak works with dozens of SBA lenders across the country. We are here to help you get in contact with a reputable SBA lender that can meet your printing business needs! Peak can also provide you with an SBA business valuation or SBA machinery and equipment appraisal. Start now by scheduling a free consultation with Peak Business Valuation below!
SBA Equipment Loans for Printing Companies
Printing companies utilize various forms of printing machinery and equipment to provide services. Some common equipment includes digital printers, offset printers, cutters, folding machines, binding machines, etc… This machinery and equipment can be expensive. As such, you may obtain an SBA equipment loan to finance your printing machinery and equipment. SBA financing for printing companies is more affordable and convenient compared to many conventional loan options.
When applying for an SBA loan for a printing company, an SBA lender may require a machinery or equipment valuation. Peak Business Valuation often provides machinery and equipment appraisals for printing companies. We are happy to help! Peak can also answer your questions about SBA loans and SBA equipment appraisals for printing companies. Schedule your free consultation with Peak Business Valuation today!
SBA 7(a) Line of Credit for Printing Companies
Last, the SBA 7(a) line of credit is best for printing companies that need quick access to finances. This loan program is similar to a home equity loan or a traditional credit card. Applicants are given a credit limit that they can use and pay off as needed once the loan is approved. As such, operators can use the SBA 7(a) line of credit to finance various printing company needs. This may include financing working capital, equipment upgrades, inventory, business expansion, etc… SBA loans are designed to help small business owners succeed. To learn more, schedule a free consultation with Peak Business Valuation, business appraiser.
Conclusion
Starting, purchasing, or growing a printing company can come with many benefits. However, doing so can be expensive. Thankfully, the SBA has a variety of loan programs to make operating a printing company affordable. By obtaining SBA loans for printing companies, you alleviate financial stress and focus on building a successful company. To learn more, see SBA Loans or SBA Financing.
As part of the SBA application process, SBA lenders may request an SBA business valuation. Peak Business Valuation is happy to help! At Peak, we value printing companies throughout the nation. We can provide you with an SBA-compliant business valuation and answer any questions you may have on valuing a printing company. Additionally, Peak can provide you with a machinery or equipment appraisal for your printing company. Schedule your free consultation with Peak Business Valuation below!
