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January 19, 2021  
 
 
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We Needed an SBA Loan in Grapevine, Texas and We Got One!

 

 
Loan Census SBA Loan Info

Financing for Computer and Office Machine Repair and Maintenance

With these commercial loans for computer and office machine repair and maintenance, the SBA guarantees the lender that the loan will be repaid. This computer and office machine repair and maintenance loan for $100,000 was given to a Texas entrepreneur in 2007.

Getting a small business loan in Grapevine, Texas was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Xerox Fcu, operating out of El Segundo, California. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: COMPUTER AND OFFICE MACHINE REPAIR AND MAINTENANCE
GRAPEVINE, TX 76051

SBA Loan Lender

XEROX FCU
2200 E GRAND AVE
EL SEGUNDO, CA 90245

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811212 - Computer and Office Machine Repair and Maintenance

Loan Approval Date

9/19/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Xerox Fcu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Xerox Fcu made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Realistic Debt Financing Options

SBA 7A Banks for El Segundo, California Loans

Getting a Business Loan in California