Software Publishers Bank Loans

With these bank loans for software publishers, the SBA guarantees the lender that the loan will be repaid. This software publishers loan for $130,000 was given to a Kansas entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Olathe, Kansas was able to borrow $130,000 from Cornerstone Bank. The SBA made the loan possible by guaranteeing $110,500 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: SOFTWARE PUBLISHERS
OLATHE, KS 66051

SBA Loan Lender

CORNERSTONE BANK
9120 W 135TH ST
OVERLAND PARK, KS 66221

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511210 - Software Publishers

Loan Approval Date

1/24/2005

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Cornerstone Bank and they will explain how you can get an SBA loan for your company.

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.

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