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May 17, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Wilson, Business Loans > Cornerstone Bank Wilson Business Loans > Computers, Peripherals, And Software Loan | ||||
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How to Get SBA Loans in Wilson, North Carolina
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How to Get a Loan for Computer and Software StoresLooking for business loans for computer and software stores? Talk to a banker who works with the SBA. This $30,000 computer and software stores loan was issued by a North Carolina bank. This small business knew how to go about getting a business bank loan. Based in Wilson, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Cornerstone Bank, based in Wilson, North Carolina. SBA Loan Borrower COMPANY TYPE: COMPUTERS, PERIPHERALS, AND SOFTWARE SBA Loan Lender CORNERSTONE BANK This lender issued this particular business 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. SIC Code 5045 - Computers, Peripherals, and Software NAICS Code 443120 - Computer and Software Stores Loan Approval Date 11/13/2002 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $25,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 5 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 7A Banks in Wilson, North Carolina
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