Raising Money for Computer Related Services

Looking for bank loans for computer related services? Try the SBA. This $483,100 computer related services loan was issued by a Nebraska bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Norfolk, Nebraska was able to borrow $483,100 from First National Bank & Trust - Columb. The SBA made the loan possible by guaranteeing $362,325 of this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: OPERATORS OF NONRESIDENTAL BUILDINGS
NORFOLK, NE 68701

SBA Loan Lender

FIRST NATIONAL BANK & TRUST - COLUMB
1500 MARKET LN
NORFOLK, NE 68701

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6512 - Operators of Nonresidental Buildings

NAICS Code

541519 - Computer Related Services

Loan Approval Date

3/14/2007

Loan Approval Gross Amount

$483,100

Loan Approval from the SBA

Of the total $483,100 loan amount, the SBA guaranteed $362,325.

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 15 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First National Bank & Trust - Columb had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First National Bank & Trust - Columb 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:

Obtaining Funding From a Venture Capitalist

SBA Approved Banks in Norfolk, Nebraska

Where to Get an SBA Loan Nebraska