PRACTICAL SOFTWARE SOLUTIONS, INC.

452 PENNY LN, Concord, NC 28025 · Custom Computer Programming Services. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$1.8M

Total SBA financing

1

Loan on record

FY2021

On record

15

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$1,817,000 — FY2021

Gross approval: $1,817,000
SBA guaranteed: $1,635,300 (90%)
Status: Paid in full
Rate at approval: 5.25% f
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 5/21/2021
First disbursement: 6/8/2021
Days to fund: 18 days
Paid in full: 1/31/2025
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 15
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Custom Computer Programming Services
NAICS code: 541511
Lender: Pinnacle Bank
Address: 452 PENNY LN
City: Concord, 28025
County: Cabarrus
SBA district office: NORTH CAROLINA DISTRICT OFFICE
Congressional district: 8

The lender

Pinnacle Bank

1 loan to this businessFull SBA lending record + branches on the lender page →

Agent summary

This page summarizes the public SBA 7(a) lending record for PRACTICAL SOFTWARE SOLUTIONS, INC. in Concord, NC (Custom Computer Programming Services). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $1.8M
On record FY2021
15 jobs supported
Industry: Custom Computer Programming Services
Location: Concord, NC
Lender: Pinnacle Bank

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Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/practical-software-solutions-inc-nc
API:: https://dealroom.so/api/public/businesses/practical-software-solutions-inc-nc
Methodology:: Sources & methodology

Informational only — DealRoom does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and DealRoom methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. DealRoom is not a lender.

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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with PRACTICAL SOFTWARE SOLUTIONS, INC..