Getting an SBA Loan for Computer and Office Machine Repair and Maintenance

Looking for commercial loans for computer and office machine repair and maintenance? Try the SBA. This $40,000 computer and office machine repair and maintenance loan was issued by a Pennsylvania bank.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First National Bank - Chester Cnty, out of West Chester, Pennsylvania. The loan was granted and they received $40,000 to help grow their West Chester, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: COMPUTER MAINTENANCE AND REPAIR
WEST CHESTER, PA 19382

SBA Loan Lender

FIRST NATIONAL BANK - CHESTER CNTY
9 N HIGH ST
WEST CHESTER, PA 19380

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7378 - Computer Maintenance and Repair

NAICS Code

811212 - Computer and Office Machine Repair and Maintenance

Loan Approval Date

2/1/2002

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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:

Small Business Credit Cards

Find an SBA Lender in West Chester, Pennsylvania

Where to Get an SBA Loan Pennsylvania