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April 18, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Washington, Business Loans > Citibank Washington Business Loans > Computer Programming Services Loan | ||||
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SBA Lenders District of Columbia
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Washington, District of Columbia Lender Lends Money to Computer Programming Services CompanyA Washington, District of Columbia SBA loan can be yours. Learn how a business got a $868,000 business loan from this District of Columbia bank. This loan to a local firm is a good example of an SBA loan. Citibank made the loan and the SBA guaranteed a portion of the loan. Many other Maryland entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: COMPUTER PROGRAMMING SERVICES SBA Loan Lender CITIBANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7371 - Computer Programming Services NAICS Code 541511 - Custom Computer Programming Services Loan Approval Date 2/15/2001 Loan Approval Gross Amount $868,000 Loan Approval from the SBA Of the total $868,000 loan amount, the SBA guaranteed $651,000. 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 31 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $868,000 loan. Remember, if it to be, it is up to me! 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: Small Business Banks in Washington, District of Columbia District of Columbia SBA 7A Banks
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