SBA Loans for Computer Training

With these SBA loans for computer training, the SBA guarantees the lender that the loan will be repaid. This computer training loan for $200,000 was given to a North Carolina entrepreneur in 2003.

This small business knew how to go about getting a business bank loan. Based in Greensboro, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Carolina Bank, based in Greensboro, North Carolina.

SBA Loan Borrower

COMPANY TYPE: COMPUTER TRAINING
GREENSBORO, NC 27410

SBA Loan Lender

CAROLINA BANK
2604 LAWNDALE DR
GREENSBORO, NC 27408

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611420 - Computer Training

Loan Approval Date

12/19/2003

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 16 employees. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

How Equity Dilution Works

Banks in Greensboro, North Carolina

North Carolina SBA 7A Banks