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December 22, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Vienna, Business Loans > The Business Bank Vienna Business Loans > Computer Related Services Loan | ||||
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Raising Money in Clifton, Virginia With SBA Loans
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Custom Computer Programming Services Business LoansLooking for business loans for custom computer programming services? An SBA loan may be just what you've been looking for. This $250,000 custom computer programming services loan was issued by a Virginia bank. This business knew how to go about getting a business bank loan. Based in Clifton, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was The Business Bank, based in Vienna, Virginia. SBA Loan Borrower COMPANY TYPE: COMPUTER RELATED SERVICES SBA Loan Lender THE BUSINESS BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7379 - Computer Related Services NAICS Code 541511 - Custom Computer Programming Services Loan Approval Date 10/3/2002 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 27 employees. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Business Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Business Bank 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. Related Links: Banking Deregulation's Effects on Entrepreneurship SBA Participating Banks in Vienna, Virginia Find an SBA Lender in Virginia
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