Computer Related Services Small Business Loans
With these small business loans for computer related services, the SBA guarantees the lender that the loan will be repaid. This computer related services loan for $1,065,000 was given to an Arizona entrepreneur in 2002.
This company knew how to go about getting a business bank loan. Based in Phoenix, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Sterling Savings Bank, based in Santa Rosa, California.
SBA Loan Borrower
COMPANY TYPE: COMPUTER RELATED SERVICES
PHOENIX, AZ 85040
SBA Loan Lender
STERLING SAVINGS BANK
801 FOURTH ST
SANTA ROSA, CA 95404
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
541519 - Computer Related Services
Loan Approval Date
8/28/2002
Loan Approval Gross Amount
$1,065,000
Loan Approval from the SBA
Of the total $1,065,000 loan amount, the SBA guaranteed $798,750.
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 25 employees. The SBA loan application for the borrower indicated that the loan would help retain 25 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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
Banks in Santa Rosa, California
Where to Get an SBA Loan California