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November 15, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Gaithersburg, Business Loans > Provident Bank Of Maryland Gaithersburg Business Loans > Computer Related Services Loan | ||||
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Get an SBA Loan from Provident Bank Of Maryland
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Business Loan from Provident Bank Of Maryland Given to Computer Related Services CompanyAn SBA loan from Provident Bank Of Maryland typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Gaithersburg, Maryland business owner got a $600,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Provident Bank Of Maryland, out of Gaithersburg, Maryland. The loan was granted and they received $600,000 to help grow their Gaithersburg, Maryland business. SBA Loan Borrower COMPANY TYPE: COMPUTER RELATED SERVICES SBA Loan Lender PROVIDENT BANK OF MARYLAND The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7379 - Computer Related Services NAICS Code 541519 - Computer Related Services Loan Approval Date 11/20/2000 Loan Approval Gross Amount $600,000 Loan Approval from the SBA Of the total $600,000 loan amount, the SBA guaranteed $450,000. 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 15 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Provident Bank Of Maryland are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Where to Get an SBA Loan in Gaithersburg, Maryland
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