Loan to Buy Computertots Franchise Issued By Howard Bank

Need a loan to buy a Computertots franchise? Howard Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Columbia, Maryland needed money to invest in a Computertots franchise back in 2007. Howard Bank issued an SBA franchise loan. Here are the details on this Maryland small business loan.

SBA Loan Borrower

COMPUTER TOTS COMPUTER EXPLORE
COLUMBIA, MD 21045

SBA Loan Lender

HOWARD BANK
6011 UNIVERSITY BLVD, STE 370
ELLICOTT CITY, MD 21043

The lender provided this business 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

611420 - Computer Training

Loan Approval Date

3/21/2007

Loan Approval Gross Amount

$202,000

Loan Approval from the SBA

Of the total $202,000 loan amount, the SBA guaranteed $101,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Computertots franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $202,000. How would you spend $202,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

ComputerTots/Computer Explorers

Realistic Debt Financing Options

SBA Participating Banks in Ellicott City, Maryland

Maryland SBA 7A Lenders