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May 2, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Palo Alto, Business Loans > Greater Bay Bank Palo Alto Business Loans > Computer Systems Design Services Loan | ||||
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We Needed a Business Loan in Santa Clara, California and We Got One!
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Where to Get Capital for Computer Systems Design ServicesLooking for small business loans for computer systems design services? Try the SBA. This $150,000 computer systems design services loan was issued by a California bank. This company knew how to go about getting a business bank loan. Based in Santa Clara, California, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Greater Bay Bank, based in Palo Alto, California. SBA Loan Borrower COMPANY TYPE: COMPUTER SYSTEMS DESIGN SERVICES SBA Loan Lender GREATER BAY BANK The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541512 - Computer Systems Design Services Loan Approval Date 6/1/2007 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 6 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 11 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? 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: SBA Participating Banks in Palo Alto, California
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