Computer and Software Stores SBA Loans

Looking for SBA loans for computer and software stores? The SBA may be the answer. This $860,500 computer and software stores loan was issued by a Texas bank.

This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Plainscapital Bank, out of Lubbock, Texas. The loan was granted and they received $860,500 to help grow their Austin, Texas business.

SBA Loan Borrower

COMPANY TYPE: COMPUTER AND SOFTWARE STORES
AUSTIN, TX 78750

SBA Loan Lender

PLAINSCAPITAL BANK
5010 UNIVERSITY AVE
LUBBOCK, TX 79413

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

443120 - Computer and Software Stores

Loan Approval Date

8/3/2007

Loan Approval Gross Amount

$860,500

Loan Approval from the SBA

Of the total $860,500 loan amount, the SBA guaranteed $645,375.

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 21 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 21 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $860,500 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Advice on Getting a Small Business Loan

SBA Approved Banks in Lubbock, Texas

Texas SBA Banks