Bank Loans for Custom Computer Programming Services

With these bank loans for custom computer programming services, the SBA guarantees the lender that the loan will be repaid. This custom computer programming services loan for $35,000 was given to a Maryland entrepreneur in 2000.

This company knew how to go about getting a business bank loan. Based in Salisbury, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was The Bank Of Delmarva, based in Seaford, Delaware.

SBA Loan Borrower

COMPANY TYPE: COMPUTER PROGRAMMING SERVICES
SALISBURY, MD 21804

SBA Loan Lender

THE BANK OF DELMARVA
910 NORMAN ESKRIDGE HWY
SEAFORD, DE 19973

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

2/3/2000

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $28,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 3 employees. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Salisbury 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.

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