Loan Census Banking News and Information
January 21, 2021  
 
 
  Business Loan Information  
 

Northrim Bank Business Loans

 

 
Loan Census SBA Loan Info

Financing for Computer Systems Design Services

Looking for loans for computer systems design services? Talk to a banker who works with the SBA. This $115,200 computer systems design services loan was issued by an Alaska bank.

This company knew how to go about getting a business bank loan. Based in Fairbanks, Alaska, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Northrim Bank, based in Fairbanks, Alaska.

SBA Loan Borrower

COMPANY TYPE: COMPUTER SYSTEMS DESIGN SERVICES
FAIRBANKS, AK 99701

SBA Loan Lender

NORTHRIM BANK
714 FOURTH AVE, STE 100
FAIRBANKS, AK 99701

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541512 - Computer Systems Design Services

Loan Approval Date

10/16/2003

Loan Approval Gross Amount

$115,200

Loan Approval from the SBA

Of the total $115,200 loan amount, the SBA guaranteed $97,920.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Accountant's Role in Securing Financing

Best Banks for Small Business in Fairbanks, Alaska

Getting a Business Loan in Alaska