SBA Loans for Software Publishers
Looking for SBA loans for software publishers? Try the SBA. This $335,000 software publishers loan was issued by a Maine bank.
This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Td Banknorth, out of Portland, Maine. The loan was granted and they received $335,000 to help grow their Nashua, New Hampshire business.
SBA Loan Borrower
COMPANY TYPE: SOFTWARE PUBLISHERS
Nashua, NH 03062
SBA Loan Lender
TD BANKNORTH
1 PORTLAND SQ
PORTLAND, ME 04101
This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
2/15/2005
Loan Approval Gross Amount
$335,000
Loan Approval from the SBA
Of the total $335,000 loan amount, the SBA guaranteed $167,500.
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 14 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 15 existing jobs.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:
Raising Venture Capital
SBA Banks in Portland, Maine
Getting an SBA Loan in Maine