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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Mojave, Business Loans > Mojave Desert Bank Mojave Business Loans > Electrical Contractors And Wiring Installation Contractors Loan | ||||
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Tips for Business Owners On Getting a Loan
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Loans for Electrical Contractors and Wiring Installation ContractorsLooking for loans for electrical contractors and wiring installation contractors? An SBA loan may be just what you've been looking for. This $200,000 electrical contractors and wiring installation contractors loan was issued by a California bank. This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Mojave Desert Bank, out of Mojave, California. The loan was granted and they received $200,000 to help grow their Helendale, California business. SBA Loan Borrower COMPANY TYPE: ELECTRICAL CONTRACTORS AND WIRING INSTALLATION CONTRACTORS SBA Loan Lender MOJAVE DESERT BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238210 - Electrical Contractors and Wiring Installation Contractors Loan Approval Date 5/7/2003 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 11 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Mojave Desert Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Mojave Desert Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Dealing With Venture Capitalists SBA 7A Banks in Mojave, California
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