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May 2, 2024 |
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| Home > Small Business Lenders by State > District of Columbia Business Loan Sources > Olney, Business Loans > Sandy Spring Bank Olney Business Loans > Data Processing, Hosting, And Related Services Loan | ||||
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Olney, Maryland SBA Banks
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Olney, Maryland Bank Lends Money to Data Processing, Hosting, And Related Services Company in Washington, District of ColumbiaAn Olney, Maryland small business loan can be yours. Learn how a company got a $100,000 business loan from this Maryland bank. This loan to an entrepreneur is a good example of an SBA loan. Sandy Spring Bank made the loan and the SBA guaranteed a portion of the loan. Many other District of Columbia 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: DATA PROCESSING, HOSTING, AND RELATED SERVICES SBA Loan Lender SANDY SPRING BANK This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 518210 - Data Processing, Hosting, and Related Services Loan Approval Date 9/30/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 8 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: A Company That Helps Entrepreneurs SBA 7A Banks for Olney, Maryland Loans
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