Getting an SBA Loan for Computer Training

Looking for commercial loans for computer training? An SBA loan may be just what you've been looking for. This $7,200 computer training loan was issued by an Arkansas bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Arvest Bank, out of Rogers, Arkansas. The loan was granted and they received $7,200 to help grow their Pea Ridge, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: COMPUTER TRAINING
PEA RIDGE, AR 72751

SBA Loan Lender

ARVEST BANK
201 W WALNUT
ROGERS, AR 72756

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

611420 - Computer Training

Loan Approval Date

6/28/2001

Loan Approval Gross Amount

$7,200

Loan Approval from the SBA

Of the total $7,200 loan amount, the SBA guaranteed $6,120.

More Information on This SBA Loan

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

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.

We've showcased information on this loan to let you know that businesses like yours 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.

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