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December 23, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Glen Allen, Business Loans > Capital One Bank (usa) Glen Allen Business Loans > Computer Systems Design Services Loan | ||||
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We Needed a Commercial Loan in Smyrna, Georgia and We Got One!
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Computer Systems Design Services Business LoansWith these business loans for computer systems design services, the SBA guarantees the lender that the loan will be repaid. This computer systems design services loan for $35,000 was given to a Georgia entrepreneur in 2007. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Smyrna, Georgia was able to borrow $35,000 from Capital One Bank (usa). The SBA made the loan possible by guaranteeing $17,500 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: COMPUTER SYSTEMS DESIGN SERVICES SBA Loan Lender CAPITAL ONE BANK (USA) The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541512 - Computer Systems Design Services Loan Approval Date 10/4/2007 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $17,500. 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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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. Related Links: The Friends and Family Network Small Business Banks in Glen Allen, Virginia
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