Buying a SpeedPro Imaging franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 13 7(a) loans to buy an existing SpeedPro Imaging (classified mostly as Commercial Printing (except Screen and Books)), totaling $11.6M. The median loan was $671,800, in line with the $645,250 median for all SBA-financed acquisitions. 6 of these loans were approved in the last two fiscal years.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of SpeedPro Imaging resale loans landed between $168,000 and $1,071,000.
- Lender experience exists. Northwest Bank alone has financed 2 SpeedPro Imaging resales.
- Guaranty. The SBA guaranteed 75% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a SpeedPro Imaging resale
The median SBA 7(a) loan for a SpeedPro Imaging resale was $671,800 across 13 loans (FY2018 to FY2026). Northwest Bank, The Huntington National Bank and Beacon Bank and Trust have financed the most SpeedPro Imaging resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
SpeedPro Imaging acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $168K | $168,000 | |
| FY2020 | 1 | $450K | $450,000 | |
| FY2021 | 1 | $145K | $145,000 | |
| FY2022 | 1 | $889K | $888,700 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 3 | $2.5M | $999,000 | |
| FY2025 | 4 | $4.7M | $871,400 | |
| FY2026 | 2 | $2.7M | $1,339,000 |
How often do these acquisition loans fail?
Fewer than 20 SpeedPro Imaging acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Lenders financing SpeedPro Imaging resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Northwest Bank | 2 | 15.4% | $2.7M | |
| 2 | The Huntington National Bank | 2 | 15.4% | $1.2M | |
| 3 | Beacon Bank and Trust | 1 | 7.7% | $2.9M | |
| 4 | Truist Bank | 1 | 7.7% | $1.2M | |
| 5 | First National Bank of Pennsylvania | 1 | 7.7% | $999K | |
| 6 | Manufacturers and Traders Trust Company | 1 | 7.7% | $889K | |
| 7 | Evolve Bank and Trust | 1 | 7.7% | $672K | |
| 8 | PNC Bank, National Association | 1 | 7.7% | $450K | |
| 9 | The Bank of Houston | 1 | 7.7% | $378K | |
| 10 | The Bancorp Bank National Association | 1 | 7.7% | $168K |
States where SpeedPro Imaging units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | North Carolina | 3 | 23.1% | $3.8M | |
| 2 | Georgia | 2 | 15.4% | $3.1M | |
| 3 | Illinois | 2 | 15.4% | $1.2M | |
| 4 | Pennsylvania | 1 | 7.7% | $999K | |
| 5 | New Jersey | 1 | 7.7% | $889K | |
| 6 | Texas | 1 | 7.7% | $672K | |
| 7 | Florida | 1 | 7.7% | $450K | |
| 8 | Missouri | 1 | 7.7% | $378K | |
| 9 | Maryland | 1 | 7.7% | $145K |
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
How lenders classify SpeedPro Imaging
Lenders code each loan to a NAICS industry. For SpeedPro Imaging the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Commercial Printing (except Screen and Books) | 9 | 69.2% | $5.9M | |
| 2 | Graphic Design Services | 2 | 15.4% | $2.7M | |
| 3 | Other Services Related to Advertising | 1 | 7.7% | $168K |
Questions buyers ask
How much do buyers borrow to buy a SpeedPro Imaging franchise?
The median SBA 7(a) loan for a SpeedPro Imaging resale was $671,800 across 13 loans (FY2018 to FY2026). The middle half of loans ran from $168,000 to $1,071,000. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance SpeedPro Imaging acquisitions?
Northwest Bank has made the most SBA acquisition loans for SpeedPro Imaging (2, 15% of the total). The Huntington National Bank, Beacon Bank and Trust, Truist Bank follow.
What interest rate and term do SpeedPro Imaging acquisition loans carry?
The average initial rate at approval was 8.56% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 10 years.
Is a SpeedPro Imaging resale riskier than other SBA-financed acquisitions?
Too few SpeedPro Imaging acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are SpeedPro Imaging units being bought with SBA loans?
North Carolina (3), Georgia (2), Illinois (2), Pennsylvania (1), New Jersey (1). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Commercial Printing (except Screen and Books) acquisitions
- North Carolina acquisitions
- Georgia acquisitions
- Illinois acquisitions
- Northwest Bank
- The Huntington National Bank
- Beacon Bank and Trust
- All franchise brands
Brand name as recorded by lenders in the SBA file: "SpeedPro Imaging" (franchise code S1605). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.