Data Processing, Hosting, and Related Services Bank Loans

Looking for bank loans for data processing, hosting, and related services? Try the SBA. This $125,000 data processing, hosting, and related services loan was issued by an Alabama bank.

This company knew how to go about getting a business bank loan. Based in Gadsden, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was The Exchange Bank Of Alabama, based in Altoona, Alabama.

SBA Loan Borrower

COMPANY TYPE: DATA PROCESSING, HOSTING, AND RELATED SERVICES
GADSDEN, AL 35901

SBA Loan Lender

THE EXCHANGE BANK OF ALABAMA
CORNER 6TH & BLOUNT ST
ALTOONA, AL 35952

This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

518210 - Data Processing, Hosting, and Related Services

Loan Approval Date

2/24/2005

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $62,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 7 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Gadsden AL, you ought to talk with a local Gadsden SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gadsden businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Exchange Bank Of Alabama and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Obtaining Funding From a Venture Capitalist

SBA Participating Banks in Altoona, Alabama

SBA Alabama Lenders