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May 2, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Worcester, Business Loans > Bay State Savings Bank Worcester Business Loans > Computer Integrated Systems Design Loan | ||||
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We Needed an SBA 7A Loan in Mendon, Massachusetts and We Got One!
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Computer Systems Design Services SBA LoansLooking for SBA loans for computer systems design services? Try the SBA. This $50,000 computer systems design services loan was issued by a Massachusetts bank. This small business knew how to go about getting a business bank loan. Based in Mendon, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Bay State Savings Bank, based in Worcester, Massachusetts. SBA Loan Borrower COMPANY TYPE: COMPUTER INTEGRATED SYSTEMS DESIGN SBA Loan Lender BAY STATE SAVINGS BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7373 - Computer Integrated Systems Design NAICS Code 541512 - Computer Systems Design Services Loan Approval Date 2/1/2000 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $40,000. 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 3 employees. The loan application 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! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We can help you find the best banks for small businesses in Mendon or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Lenders in Worcester, Massachusetts
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