Commercial Loans for Software Reproducing

Looking for commercial loans for software reproducing? The SBA may be the answer. This $25,000 software reproducing loan was issued by an Ohio bank.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Provident Invest Advisers Inc, out of Cincinnati, Ohio. The loan was granted and they received $25,000 to help grow their Cincinnati, Ohio business.

SBA Loan Borrower

COMPANY TYPE: PREPACKAGED SOFTWARE
CINCINNATI, OH 45210

SBA Loan Lender

PROVIDENT INVEST ADVISERS INC
3 E 4TH ST, #652
CINCINNATI, OH 45202

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring 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

7372 - Prepackaged Software

NAICS Code

334611 - Software Reproducing

Loan Approval Date

8/6/2002

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Provident Invest Advisers Inc had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Provident Invest Advisers Inc made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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