Business Loan from Capital Bank Given to Computer Systems Design Services Company

An SBA loan from Capital Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Reston, Virginia business owner got a $1,000,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Reston, Virginia, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Capital Bank, based in Rockville, Maryland.

SBA Loan Borrower

COMPANY TYPE: COMPUTER SYSTEMS DESIGN SERVICES
RESTON, VA 20190

SBA Loan Lender

CAPITAL BANK
ONE CHURCH ST, STE 300
ROCKVILLE, MD 20850

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541512 - Computer Systems Design Services

Loan Approval Date

2/9/2007

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.

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 20 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Capital Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Capital Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Determining Proper Capital Structure for a Business

SBA 7A Lenders in Rockville, Maryland

SBA Participating Banks in Maryland