Business Loans for Software Publishers
With these business loans for software publishers, the SBA guarantees the lender that the loan will be repaid. This software publishers loan for $150,000 was given to a Rhode Island entrepreneur in 2005.
This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Washington Tr Co - Westerly, out of Westerly, Rhode Island. The loan was granted and they received $150,000 to help grow their Newport, Rhode Island business.
SBA Loan Borrower
COMPANY TYPE: SOFTWARE PUBLISHERS
NEWPORT, RI 02840
SBA Loan Lender
WASHINGTON TR CO - WESTERLY
23 BROAD ST
WESTERLY, RI 02891
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
4/13/2005
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $75,000.
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 21 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? 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:
Business Incubators
SBA Approved Banks in Westerly, Rhode Island
Rhode Island SBA 7A Lenders