Get an SBA Loan for Computer and Software Stores

Looking for loans for computer and software stores? Talk to a banker who works with the SBA. This $120,900 computer and software stores loan was issued by a New York bank.

This company knew how to go about getting a business bank loan. Based in Evans Mills, New York, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Watertown Savings Bank, based in Watertown, New York.

SBA Loan Borrower

COMPANY TYPE: COMPUTER AND SOFTWARE STORES
EVANS MILLS, NY 13637

SBA Loan Lender

WATERTOWN SAVINGS BANK
111 CLINTON ST
WATERTOWN, NY 13601

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.

NAICS Code

443120 - Computer and Software Stores

Loan Approval Date

11/15/2004

Loan Approval Gross Amount

$120,900

Loan Approval from the SBA

Of the total $120,900 loan amount, the SBA guaranteed $102,765.

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 3 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $120,900 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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