Get an SBA Loan for Data Processing Services

With these small business loans for data processing services, the SBA guarantees the lender that the loan will be repaid. This data processing services loan for $50,000 was given to an Ohio entrepreneur in 2001.

Getting a small business loan in Lebabon, Ohio was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from National Bank & Trust, operating out of Wilmington, Ohio. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: COMPUTER RELATED SERVICES
LEBABON, OH 45036

SBA Loan Lender

NATIONAL BANK & TRUST
48 N SOUTH ST
WILMINGTON, OH 45177

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7379 - Computer Related Services

NAICS Code

514210 - Data Processing Services

Loan Approval Date

10/18/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 4 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 $50,000 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.

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