Loans for Computer Systems Design Services
Looking for loans for computer systems design services? An SBA loan may be just what you've been looking for. This $140,000 computer systems design services loan was issued by a Minnesota bank.
This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Western Bank, out of Mounds View, Minnesota. The loan was granted and they received $140,000 to help grow their Minneapolis, Minnesota business.
SBA Loan Borrower
COMPANY TYPE: COMPUTER INTEGRATED SYSTEMS DESIGN
MINNEAPOLIS, MN 55421
SBA Loan Lender
WESTERN BANK
2711 NE HWY 10
MOUNDS VIEW, MN 55112
This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7373 - Computer Integrated Systems Design
NAICS Code
541512 - Computer Systems Design Services
Loan Approval Date
6/1/2001
Loan Approval Gross Amount
$140,000
Loan Approval from the SBA
Of the total $140,000 loan amount, the SBA guaranteed $119,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 8 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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 From a Venture Capitalist
Small Bank Loans in Mounds View, Minnesota
Find an SBA Lender in Minnesota