Custom Computer Programming Services Loans

Looking for loans for custom computer programming services? Talk to a banker who works with the SBA. This $222,960 custom computer programming services loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Northridge, California was able to borrow $222,960 from East West Bank. The SBA made the loan possible by guaranteeing $167,220 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: CUSTOM COMPUTER PROGRAMMING SERVICES
NORTHRIDGE, CA 91324

SBA Loan Lender

EAST WEST BANK
18321 VENTURA BLVD
TARZANA, CA 91356

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541511 - Custom Computer Programming Services

Loan Approval Date

10/16/2001

Loan Approval Gross Amount

$222,960

Loan Approval from the SBA

Of the total $222,960 loan amount, the SBA guaranteed $167,220.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

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

If you are working on finding money to start a business in Northridge CA, you ought to talk with a local Northridge SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Northridge businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into East West Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Small Business Loan

SBA Banks in Tarzana, California

California SBA Bank Lenders