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December 23, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Software Publishers Loan | ||||
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Advice for Small Business Owners On Getting a Loan
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Financing for Software PublishersWith these loans for software publishers, the SBA guarantees the lender that the loan will be repaid. This software publishers loan for $35,000 was given to a Colorado entrepreneur in 2007. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Morrison (mount Morrison), Colorado was able to borrow $35,000 from Washington Mutual Bank. The SBA made the loan possible by guaranteeing $17,500 of this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: SOFTWARE PUBLISHERS SBA Loan Lender WASHINGTON MUTUAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 511210 - Software Publishers Loan Approval Date 6/21/2007 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $17,500. 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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $35,000 loan. Remember, if it to be, it is up to me! 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: Microlending as a Small Business Funding Source Where to Get an SBA Loan in Henderson, Nevada
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