Getting an SBA Loan for Data Processing Services

With these commercial loans for data processing services, the SBA guarantees the lender that the loan will be repaid. This data processing services loan for $125,000 was given to a New Hampshire entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Littleton, New Hampshire was able to borrow $125,000 from Passumpsic Savings Bank. The SBA made the loan possible by guaranteeing $93,750 of this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: COMPUTER PROCESSING AND DATA PREPARATION
LITTLETON, NH 03561

SBA Loan Lender

PASSUMPSIC SAVINGS BANK
81 MEADOW ST
LITTLETON, NH 03561

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7374 - Computer Processing and Data Preparation

NAICS Code

514210 - Data Processing Services

Loan Approval Date

1/3/2000

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $93,750.

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 20 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

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Good Banks for Small Business in Littleton, New Hampshire

Where to Get an SBA Loan New Hampshire