Loan Census Banking News and Information
November 22, 2024  
 
 
  Business Loan Information  
 

SBA 7A Banks for Chicopee Small Business Owners

 

 
Loan Census SBA Loan Info

Business Loans for Computer Systems Design Services

Looking for business loans for computer systems design services? Talk to a banker who works with the SBA. This $10,000 computer systems design services loan was issued by a Massachusetts bank.

This business knew how to go about getting a business bank loan. Based in Chicopee, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was United Bank, based in West Springfield, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: COMPUTER SYSTEMS DESIGN SERVICES
CHICOPEE, MA 01020

SBA Loan Lender

UNITED BANK
95 ELM ST
WEST SPRINGFIELD, MA 01089

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

541512 - Computer Systems Design Services

Loan Approval Date

11/22/2006

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in Chicopee or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Realistic Debt Financing Options

SBA 7A Banks in West Springfield, Massachusetts

SBA Massachusetts Lenders