Getting an SBA Loan for Computer and Office Machine Repair and Maintenance

Looking for commercial loans for computer and office machine repair and maintenance? Talk to a banker who works with the SBA. This $35,000 computer and office machine repair and maintenance loan was issued by a Texas bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Peoples Bank, out of Lubbock, Texas. The loan was granted and they received $35,000 to help grow their Borger, Texas business.

SBA Loan Borrower

COMPANY TYPE: COMPUTER MAINTENANCE AND REPAIR
BORGER, TX 79007

SBA Loan Lender

PEOPLES BANK
5820 82ND ST
LUBBOCK, TX 79424

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7378 - Computer Maintenance and Repair

NAICS Code

811212 - Computer and Office Machine Repair and Maintenance

Loan Approval Date

10/19/2005

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $29,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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