Loans for Data Processing, Hosting, and Related Services
Looking for loans for data processing, hosting, and related services? The SBA may be the answer. This $250,000 data processing, hosting, and related services loan was issued by a Virginia bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Washington, District of Columbia was able to borrow $250,000 from Chevy Chase Bank, F.S.B.. The SBA made the loan possible by guaranteeing $125,000 of this District of Columbia small business loan.
SBA Loan Borrower
COMPANY TYPE: DATA PROCESSING, HOSTING, AND RELATED SERVICES
WASHINGTON, DC 20005
SBA Loan Lender
CHEVY CHASE BANK, F.S.B.
7926 JONES BRANCH DR
MCLEAN, VA 22102
The lender provided this 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
518210 - Data Processing, Hosting, and Related Services
Loan Approval Date
3/8/2005
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $125,000.
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. The loan application indicated that the loan would help generate 20 new jobs and retain 20 existing jobs.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Chevy Chase Bank, F.S.B. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Startup Funding Tip
SBA 7A Banks for Mclean, Virginia Loans
SBA Lenders in Virginia