Getting an SBA Loan for Computer and Computer Peripheral Equipment and Software Merchant Wholesaler

With these commercial loans for computer and computer peripheral equipment and software merchant wholesaler, the SBA guarantees the lender that the loan will be repaid. This computer and computer peripheral equipment and software merchant wholesaler loan for $80,000 was given to a Florida entrepreneur in 2007.

Getting a small business loan in Miami, Florida was important for Dpi, Digital Printers International, Inc. back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Banco Popular North America, operating out of New York City, New York. Here are the details on this Florida small business loan.

SBA Loan Borrower

DPI, DIGITAL PRINTERS INTERNATIONAL, INC.
1905 N.E. 154ST
MIAMI, FL 33162

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

423430 - Computer and Computer Peripheral Equipment and Software Merchant Wholesaler

Loan Approval Date

11/7/2007

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $40,000.

More Information on This SBA Loan

The borrower, Dpi, Digital Printers International, Inc., borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan to Dpi, Digital Printers International, Inc. shows that any business with ambition and the right qualifications can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

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