Get an SBA Loan for Computer Systems Design Services
Looking for small business loans for computer systems design services? Talk to a banker who works with the SBA. This $100,000 computer systems design services loan was issued by a New York bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Amherst, New York was able to borrow $100,000 from First Niagara Bank. The SBA made the loan possible by guaranteeing $85,000 of this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: COMPUTER RELATED SERVICES
AMHERST, NY 14226
SBA Loan Lender
FIRST NIAGARA BANK
2141 ELMWOOD AVE
BUFFALO, NY 14207
This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7379 - Computer Related Services
NAICS Code
541512 - Computer Systems Design Services
Loan Approval Date
2/21/2003
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $85,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 12 employees. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
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 you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First Niagara Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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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