SBA lending record

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

Loan on record

FY2021

On record

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

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

Next steps

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