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November 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Computer Systems Design Services Loan | ||||
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Ohio Small Business Funding
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How to Get a Loan for Computer Systems Design ServicesWith these business loans for computer systems design services, the SBA guarantees the lender that the loan will be repaid. This computer systems design services loan for $1,082,800 was given to an Ohio entrepreneur in 2006. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Coshocton, Ohio was able to borrow $1,082,800 from Banco Popular North America. The SBA made the loan possible by guaranteeing $812,100 of this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: COMPUTER SYSTEMS DESIGN SERVICES SBA Loan Lender BANCO POPULAR NORTH AMERICA Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541512 - Computer Systems Design Services Loan Approval Date 4/12/2006 Loan Approval Gross Amount $1,082,800 Loan Approval from the SBA Of the total $1,082,800 loan amount, the SBA guaranteed $812,100. 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 11 employees. The SBA loan documents indicated that the loan would help generate 9 new jobs and retain 11 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,082,800 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Borrowing Money from Friends and Family Find an SBA Lender in New York City, New York Where to Get an SBA Loan New York
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