SBA Loans for Computer Systems Design Services

Looking for SBA loans for computer systems design services? The SBA may be the answer. This $250,000 computer systems design services loan was issued by an Utah bank.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Bank Of American Fork, out of American Fork, Utah. The loan was granted and they received $250,000 to help grow their Provo, Utah business.

SBA Loan Borrower

COMPANY TYPE: COMPUTER SYSTEMS DESIGN SERVICES
PROVO, UT 84604

SBA Loan Lender

BANK OF AMERICAN FORK
33 E MAIN
AMERICAN FORK, UT 84003

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541512 - Computer Systems Design Services

Loan Approval Date

7/23/2003

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 13 existing jobs.

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

If you are raising money in Provo UT, you ought to talk with a local Provo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Provo businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of American Fork that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Banking Deregulation's Effects on Entrepreneurship

SBA Approved Banks in American Fork, Utah

Browse All Business Loan Sources for Utah