 |
 |
April 26, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Alabama Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Electrical Apparatus And Equipment, Wiring Supplies, And Related Equipment Loan | ||||
 |
||||
Camden, Alabama Bank Loan
|
||||
 |
Small Business Loans for Electrical Apparatus and Equipment, Wiring Supplies, and Related EquipmentLooking for small business loans for electrical apparatus and equipment, wiring supplies, and related equipment? An SBA loan may be just what you've been looking for. This $35,000 electrical apparatus and equipment, wiring supplies, and related equipment loan was issued by a Virginia bank. This company knew how to go about getting a business bank loan. Based in Camden, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Capital One, based in Mclean, Virginia. SBA Loan Borrower COMPANY TYPE: ELECTRICAL APPARATUS AND EQUIPMENT, WIRING SUPPLIES, AND RELATED EQUIPMENT SBA Loan Lender CAPITAL ONE The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 423610 - Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Loan Approval Date 4/13/2005 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $17,500. 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 only one employee. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Capital One so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA Participating Banks in Mclean, Virginia
|
|
||
|
||||
|
|
||||