How to Get a Loan for Computer Related Services

Looking for SBA loans for computer related services? The SBA may be the answer. This $650,000 computer related services loan was issued by a Maryland bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Susquehanna Bank Pa, out of Columbia, Maryland. The loan was granted and they received $650,000 to help grow their Elkridge, Maryland business.

SBA Loan Borrower

COMPANY TYPE: COMPUTER RELATED SERVICES
ELKRIDGE, MD 21075

SBA Loan Lender

SUSQUEHANNA BANK PA
8620 SNOWDEN RIVER PKWY
COLUMBIA, MD 21045

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541519 - Computer Related Services

Loan Approval Date

7/25/2006

Loan Approval Gross Amount

$650,000

Loan Approval from the SBA

Of the total $650,000 loan amount, the SBA guaranteed $487,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 13 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in Elkridge 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.

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