Borrowing Money for Custom Computer Programming Services
With these bank loans for custom computer programming services, the SBA guarantees the lender that the loan will be repaid. This custom computer programming services loan for $300,000 was given to a California entrepreneur in 2008.
This company received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with Beach Business Bank, out of Manhattan Beach, California. The loan was granted and they received $300,000 to help grow their Marina Del Rey, California business.
SBA Loan Borrower
COMPANY TYPE: CUSTOM COMPUTER PROGRAMMING SERVICES
MARINA DEL REY, CA 90292
SBA Loan Lender
BEACH BUSINESS BANK
1230 ROSECRANS AVE, STE 100
MANHATTAN BEACH, CA 90266
This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
541511 - Custom Computer Programming Services
Loan Approval Date
1/25/2008
Loan Approval Gross Amount
$300,000
Loan Approval from the SBA
Of the total $300,000 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 30 employees. This SBA loan request indicated that the loan would help retain 30 existing jobs.
Getting an SBA Loan For Your Business
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:
Obtaining Funding - How to Decide How Much to Raise
Banks in Manhattan Beach, California
California SBA 7A Lenders