Get an SBA Loan for Software Publishers

With these small business loans for software publishers, the SBA guarantees the lender that the loan will be repaid. This software publishers loan for $1,600,000 was given to a Massachusetts entrepreneur in 2007.

This company knew how to go about getting a business bank loan. Based in Melrose, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Middlesex Savings Bank, based in Natick, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: SOFTWARE PUBLISHERS
MELROSE, MA 02176

SBA Loan Lender

MIDDLESEX SAVINGS BANK
6 MAIN ST
NATICK, MA 01760

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511210 - Software Publishers

Loan Approval Date

4/30/2007

Loan Approval Gross Amount

$1,600,000

Loan Approval from the SBA

Of the total $1,600,000 loan amount, the SBA guaranteed $1,440,000.

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 49 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 43 existing jobs.

Great, But How Can I Get an SBA Loan for My 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:

Obtaining Funding - Getting Venture Capital

SBA Participating Banks in Natick, Massachusetts

Massachusetts SBA Banks