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May 13, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Glasgow, Business Loans > South Cent. Bank - Barren County Glasgow Business Loans > Computer Programming Services Loan | ||||
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Kentucky Small Business Funding
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Bank Loans for Custom Computer Programming ServicesLooking for bank loans for custom computer programming services? Try the SBA. This $250,000 custom computer programming services loan was issued by a Kentucky bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Glasgow, Kentucky was able to borrow $250,000 from South Cent. Bank - Barren County. The SBA made the loan possible by guaranteeing $187,500 of this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: COMPUTER PROGRAMMING SERVICES SBA Loan Lender SOUTH CENT. BANK - BARREN COUNTY SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. 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 3/21/2003 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. 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 9 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like South Cent. Bank - Barren County and they will explain how you can get an SBA loan for your company. 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: Best Banks for Small Business in Glasgow, Kentucky
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